Deduction u/s 80C

Page no : 2

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 03 July 2011

YES IT IS ELIGIBLE

TUSHAL JAITLY (Articled Assistant) (80 Points)
Replied 04 July 2011

@ ayushraj...

thnx sir.... u really provided some very useful information....!!!

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 04 July 2011

Originally posted by : RAVI KUMAR DINESH PRASAD
	if any person has taken loan for the study purpose, like colleage fees,ca course fees, MBA course Fees etc (treated as tuition fees ). Then loan taken for study purpose is mandatory to acive the Degree issued by approved institute etc, then in such case loan taken for study purpose is allowed Deduction U/S 80C UPTO THE FEES AMOUNT PAID TO THE RECOGNISED INSTITUTE. AND also INTEREST ON LOAN TAKEN FOR STUDY PURPOSE is Allowed Deduction U/S 80E UPTO 8 YEARS

80C benefit is available for "children" while the interest is to be claimed under 80E, how one can club both the provisions under same study?

srinivass (CA Final) (2466 Points)
Replied 04 July 2011

ayush raj your work is tooo goood.and helpful for us thanks man...

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 04 July 2011

Originally posted by : TusharSSampatM.Com CA,CS-FINAL
	Provide the details of tution fees lik whom it is paid ,for wat purpose it is paid etc all tution fees are not eligilble , but only those whic are allowed as per sec 80C will be eligible.

agreed