I Would like to know regarding Sec 80E which provides deduction for interest on education loan.
Whether it includes ca, cs, icwa in higher education loan?
Whether i will get deduction or not?
Plz reply as early as possible.
5 Replies
CA.Sanjay Chopra
(Job)
(42 Points)
Replied 15 September 2008
Dear Neha,
Deduction u/s 80E is allowed only for the loan taken for the purpose of pursuing higher education like engineering, medicine, management, applied sciences or pure sciences including mathematics and statistics.
It is not CA, CS, CWA courses. (unfortunately)
Jeet Biswas
(ACMA (in Service))
(5073 Points)
Replied 15 September 2008
Mr. Sanjay is Absolutely Correct.
Divya sharma
(CHARTERED ACCOUNTANT)
(250 Points)
Replied 15 September 2008
| Originally posted by | ||
| THANK U I WAS NOT FAMILIAR WITH THIS | " | |
Dhananjay Deepak
(Articleship)
(152 Points)
Replied 16 September 2008
Sec 80E is applicable on "full time courses" which means regular courses whereas CA,CS,ICWA are correspondence courses.
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