Income tax
This query is : Resolved
02 March 2009
please suggests whether loan taken for higher studies is eligible for deduction in incometax or not?
02 March 2009
As per Section 80E Interest paid on loan taken for higher education will be allowed as deduction, for 8 AY, starting from the year from which Interest was first paid.
02 March 2009
Only interest portion can be claimed u/s 80E, if the course is covered into that section.
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