Tax treatment for fees paid for children's education

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 February 2010 what are the documents required to claim the deduction on educational loan for children interest paid under Sec 80C of IT Act?
Could you also clarify if the 2 percent rebate announced for educational loan by the state government stands and applies for loan taken for higher studies abroad??

10 February 2010 Banks issue a Certificate for payment of interest and principal. If you will get the same from the bank than you can claim under sec 80c

10 February 2010 the deduction of interest on education loan is availbale in section 80E not 80C


15 February 2010 Banks issue a Certificate for payment of interest and principal. If you have the same from the bank than you can claim under sec 80E.



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