if an individual had taken education loan for his son so he will get deduction on interest of loan u/s 80e .
but my question was should he also get deduction for payment of tution fees u/s 80C ??
12 Replies
Ashwin Kumar
(168 Points)
Replied 17 August 2018
don't get confused...80E is for claiming interest on education loan and 80c is turion fees
rama krishnan
(12244 Points)
Replied 17 August 2018
yes he can avail both 80c and 80e. 80c for tuition fees and 80e interest paid on educational loan
Nikki Goel
(64 Points)
Replied 18 August 2018
yes both benefits under section 80c as well as 80e are available
Bhasker Parikh
(7 Points)
Replied 18 August 2018
No, Benefit u/s 80 C is available only when some capital investment is made in refundable govt aproved scheme.Payment of Tution fee is not a capital investment
rama krishnan
(12244 Points)
Replied 18 August 2018
capital investment? Mr. bhasker please go through section 80C... there it's clearly mentioned the deduction for tuition fees
JAI BHOLA
(504 Points)
Replied 18 August 2018
bhaskar hi , 80C has a lot of different benefits which inter-alia includes deduction for tution fee..
Nikki Goel
(64 Points)
Replied 18 August 2018
tution fees for max 2 children is allowed under section 80c
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 19 August 2018
Tuition Fees claim u/s 80C & Interest on Education Loan claim u/s 80E are two different claims under IT act, and both can be claimed simultaneously.
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