Deduction under section 80e
This query is : Resolved
07 January 2014
My client has taken loan education loan for her daughter's higher education, he started repayment from the FY 2012 - 2013, he paid interest of Rs. 97000/- in FY 2012-2013 but he couldn't take deduction u/s 80E while filing return.
Can he take deduction for the amount paid in the FY 2012-2013 i.e Rs. 97000/- while filing return for the FY 2013-2014,
Because as per income tax act, deduction is available if interest is paid by individual in previous financial year.
Can he take deduction for the amount paid in the FY 2012-2013 i.e Rs. 97000/- while filing return for the FY 2013-2014,
Because as per income tax act, deduction is available if interest is paid by individual in previous financial year.
07 January 2014
no in fy 13-14 you cannot take deduction instead you can file revise return if assessment order not passed or if passed then file rectfication petition u/s 154.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Classification of sundry creditor under litigation for more than 5 yrs as current/non current liab.
- Indexation benefit on sale of property
- New GST Registeration
- TDS refund on cancellation of agreement of sale
- GST RATE On RESTAURANT SERVICE
- How to pass your CIPD assignments?
- Registration of Firm- Form E
- Difference in taxation of company leased car
- ITC available on QIP Expenses
- AS-16 Treatment of Borrowing cost for land and building
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
