Deduction

This query is : Resolved

Poonam Lohiya (Querist)
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06 August 2015 I am employee and doing MBA training course and cost is beared by my firm
Now tell me can my claim deduction u/s 80c or can my firm claim fees as a expenditure

PRATIK AGRAWAL

PRATIK AGRAWAL (Expert)
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06 August 2015 Section 80c does not cover any provision to cover your Training course cost.

And your firm can surely claim this fees as its expenditure reason being it is a part of EE's benefit.

Poonam Lohiya

Poonam Lohiya (Querist)
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06 August 2015 can i take education loan on this and claim expenditure u/s 80e

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PRATIK AGRAWAL

PRATIK AGRAWAL (Expert)
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06 August 2015 Yes you can claim deduction under section 80E for the Interest amount only provided the loan is from a Financial Institution and not from your employer.