Deductions on business income

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 Can education loan (on self) be deducted from one's self-employed (business income)?
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
17 September 2010 this is not at al relating to business.
it is simply a application of income

so disallowable expenditure.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
17 September 2010 eligible for deduction of deduction for int U/s 80E


NO OTHER EXEMPTION
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 hi, both of you are giving contradicting answers...Please provide the correct answer.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 September 2010 Self eductional loan deduction need to be taken u/s.80E. this is not business expenses, hence cannot be claimed under business head. claim under sec.80E

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