Sir,
Actually i was in doubt regarding the fact that do we get deduction u/s 80E for the Interest on Edu Loan or both ( Principal & Int on Edu Loan)? If jst on Int then what is the treatment with the principal loan for Education?
9 Replies
CA. Gurdeep Singh Chawla
(C A)
(7080 Points)
Replied 22 February 2008
From Assessment year 2006-07, entire payment of interest is deductible for max. of 8 years or till the interest is paid, which is earlier.
RITESH KHANDELWAL
(Corporate Taxation)
(168 Points)
Replied 22 February 2008
What about the principal?
CA. Gurdeep Singh Chawla
(C A)
(7080 Points)
Replied 22 February 2008
Prinicpal amount is not deductible from assessment year 2006-07
suman nvss y
(article assitant)
(147 Points)
Replied 22 February 2008
dear ritesh you will get deduction for int only.
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