Deduction

This query is : Resolved 

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

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.

06 August 2015 can i take education loan on this and claim expenditure u/s 80e


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.



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