tag:blogger.com,1999:blog-2004257931445490362.post3166761655856511898..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: Higher Education Loan Deduction 80E on son's/dependent eduction.RAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger91125tag:blogger.com,1999:blog-2004257931445490362.post-38818229570378799092019-08-12T19:31:54.574+05:302019-08-12T19:31:54.574+05:30Yes,pre emi interest is also eligible.Yes,pre emi interest is also eligible.RAJ KUMARIhttps://www.blogger.com/profile/12265611544966294090noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-39863641648894525232019-08-12T19:16:44.121+05:302019-08-12T19:16:44.121+05:30Can any one please clarify, if PRE-EMI interest is...Can any one please clarify, if PRE-EMI interest is also exempt? Or does ONE have to wait for repayment of Principal to commence and can only claim in year when Principal repayment begins. As per My Bankers and my understanding once payment of Interest is started, it is eligible under Section 80E..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-79187320385386118402018-03-11T19:38:44.603+05:302018-03-11T19:38:44.603+05:30As per Section 80E ,"any amount paid by him i...As per Section 80E ,"any amount paid by him in the previous year, out of his income chargeable to tax, by way of interest on loan taken by him from any financial institution"<br /><br />Means any amount paid in previous year as interest can be claimed as deduction RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-85850892630639635662018-03-11T19:17:50.010+05:302018-03-11T19:17:50.010+05:30sir one last request. Is their any legal tax
rela...sir one last request. Is their any legal tax <br />related docs (like under chapter VI A) available anywhere <br />Where it is written as intrest paid of previous FY'S in current FY Can also be <br />claimed so that i could show this to bank and Prove them wrong<br />Thanking you in advance.Anonymoushttps://www.blogger.com/profile/08759640222419009995noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-54735182470132403602018-03-09T20:25:00.644+05:302018-03-09T20:25:00.644+05:30Bank statement is also a legal documents.Bank statement is also a legal documents.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-57419815571280828312018-03-09T18:44:50.764+05:302018-03-09T18:44:50.764+05:30Yes i know that entire interest can be claimed but...Yes i know that entire interest can be claimed but they have issued a certificate where they have mentioned only 32880 as interest paid. What should i do as i have this certificate as the only legal document.Anonymoushttps://www.blogger.com/profile/08759640222419009995noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-89450652986040676242018-03-09T18:26:11.490+05:302018-03-09T18:26:11.490+05:30You can deducted amount paid as interest whether i...You can deducted amount paid as interest whether it is related to current year or previous year,so bank is wrong if they are saving this thT only current year interest can be claimed.<br />Take bank statement for full loan period and calulate interest debited in account from total interest deduct deductions already claimed in earlier year s balance amount can be claimed in current year.<br />RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-9298905573209416632018-03-09T14:09:52.239+05:302018-03-09T14:09:52.239+05:30
Sir,
with reference to your mail I had a convers...<br />Sir,<br /><br />with reference to your mail I had a conversion with the bank official, they said interest from 01/04/2017 till now only will be eligible for deduction. They said -its the interest applied of financial year 2017-18 which you should have paid is eligible but not the interest of previous year paid in that year, so according to them only approx. 36000 is something I can claim Anonymoushttps://www.blogger.com/profile/08759640222419009995noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-63579207857574360152018-03-07T06:32:50.038+05:302018-03-07T06:32:50.038+05:30Simple answer is
402000-180000-12000-36000-36000-...Simple answer is<br /><br />402000-180000-12000-36000-36000-other charges debited by bank other than interest=138000- otherchargesdr but you need certificate from bank to claim the deduction so you have claim deduction according to your bank certificate.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-31950226377627398252018-03-06T19:06:48.334+05:302018-03-06T19:06:48.334+05:30Hello
I have taken education loan of 1.8 lakh in 2...Hello<br />I have taken education loan of 1.8 lakh in 2007 for by btech upto 2011. Through out these year because of adverse financial situations i have been making irregular payment of around 25000-30000 per year. Till feb 2018 i have paid a total of 125000 from the beginning. In feb 2018, the total amount has gone upto 277000 and i have deposited this entire amount in one go and had taken noc Anonymoushttps://www.blogger.com/profile/08759640222419009995noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-66689468725769445932018-03-06T18:53:02.062+05:302018-03-06T18:53:02.062+05:30Hello
I have taken education loan of 1.8 lac in 20...Hello<br />I have taken education loan of 1.8 lac in 2007 for my btech upto 2011. Upto now i have been making irregular payment of around 30000 every year from the last 4 years only. Till feb 2018 i have paid a total of 125000 from the begining. The total amount has gone upto 277000 despite paying 125000. Recently i had deposited the entire 277000 amount in one go and had taken the noc from the Anonymoushttps://www.blogger.com/profile/08759640222419009995noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-79594288551447697322018-01-29T21:22:30.846+05:302018-01-29T21:22:30.846+05:30My daughter has taken loan for undergraduate(from ...My daughter has taken loan for undergraduate(from India) and Postgraduate (abroad). At present I am paying the interest portion of these 2 loans. Can i claim interest deduction under 80e for both loans?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-18018077263605791332018-01-15T19:46:59.570+05:302018-01-15T19:46:59.570+05:30In our view ,there is no restriction on claiming d...In our view ,there is no restriction on claiming deduction for two loan RAJ KUMARIhttps://www.blogger.com/profile/12265611544966294090noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-76099383851076118682018-01-15T19:07:21.519+05:302018-01-15T19:07:21.519+05:30Sir , PL. Solve d issue
Can 1 person take /claim...Sir , PL. Solve d issue<br /><br /><br />Can 1 person take /claim rebate of interest paid under 80-E ( in same F.Y. i.e. current 2017-18) for the 2 different education loans taken for his son , ( which are sanctioned from 2 different banks )<br /><br />1 for Indian study and <br />1 for foreign study <br /><br />???????????Anonymoushttps://www.blogger.com/profile/12774917622187845757noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-51048343172799251912015-10-24T11:45:29.975+05:302015-10-24T11:45:29.975+05:30Your employer is correct , you should have taken l...Your employer is correct , you should have taken loan on your name ,now you can not claim deduction ..even if you have paid the same .<br /><br />RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-27832814791512545012015-10-24T11:36:04.258+05:302015-10-24T11:36:04.258+05:30My son has taken a education loan on his name. I a...My son has taken a education loan on his name. I am the guarantor of the loan and I am paying interest on education loan which starts immediately after disbursement of loan. Can I claim deduction on interest paid on education loan u/.s 80E? My employer is not allowing deduction u/s 80E saying loan is not in my name. Can I claim deduction my self in my return if my employer refuses to allow the RKhttps://www.blogger.com/profile/02928302845088297216noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-32755285544584648942015-09-24T21:33:18.560+05:302015-09-24T21:33:18.560+05:30yes ,exemption is available for MBA from IIM Ahmed...yes ,exemption is available for MBA from IIM Ahmedabad .Deduction is available for Interest paid (100%)RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-60904890755886968852015-09-24T18:46:29.069+05:302015-09-24T18:46:29.069+05:30Is the exemption available on interest amount take...Is the exemption available on interest amount taken for pursuing MBA from IIM Ahemdabad? And is this exemption equal to 100% of interest amount?<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-24386971532763648902015-08-11T23:02:59.783+05:302015-08-11T23:02:59.783+05:3080E deduction is available for payment of interest...80E deduction is available for payment of interest ,so you can not claim this deduction unless you have started the payment of the interest.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-37573845919486791212015-08-11T22:48:35.083+05:302015-08-11T22:48:35.083+05:30Hi Sir,
I had taken a educational loan from a bank...Hi Sir,<br />I had taken a educational loan from a bank for my son and I have been paying EMIs towards this loan. However, in a unique kind of arrangement, the repayment being made now is towards principal amount only and bank will take interest when principle is fully paid. Can I claim the deduction in IT return now ? Please advise. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-29219280257786421912014-08-01T22:42:17.383+05:302014-08-01T22:42:17.383+05:30Yes both of you can claim deductionYes both of you can claim deductionRAJ KUMARIhttps://www.blogger.com/profile/12265611544966294090noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-60650881164920246232014-08-01T22:36:20.072+05:302014-08-01T22:36:20.072+05:30Hi,
I had taken a loan for my education. My father...Hi,<br />I had taken a loan for my education. My father being a co-borrower has been paying interest and claiming tax benefits. I have started earning now. Can both of us (me and my father) pay off interests and claim tax deduction on the respective amounts paid by us simultaneously?Shobhnahttps://www.blogger.com/profile/17353438743145241748noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-25164065024963381292014-07-24T19:45:23.337+05:302014-07-24T19:45:23.337+05:30No you can not claim deduction .Further your husba...No you can not claim deduction .Further your husband can claim deduction only if school, board or university recognised by the Central Government or State Government or local authority or by any other authority authorised by the Central Government or State Government or local authority to do so"<br /><br />if above condition is satisfied then only your husband can claim deduction u/s 80E. .RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-88103226841413437032014-07-24T16:30:28.626+05:302014-07-24T16:30:28.626+05:30Hi Sir,
I am Neelam. My son has taken an Educa...Hi Sir,<br /> I am Neelam. My son has taken an Education loan of Rs. 29.98 lacs from SBI as he is doing B.Tech from Australia.My husband is his co-borrower & I am paying the interest amount of this loan. Can I claim the tax rebate u/s 80E?Anonymoushttps://www.blogger.com/profile/02798299079911609229noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-26388528647666350702014-05-23T16:13:44.280+05:302014-05-23T16:13:44.280+05:30If have any information regarding eduction debt yo...If have any information regarding eduction debt you can visit online sites. There are many sites but indiadebtrecovery provide you best services. For more information visit our sit. ruchivermahttps://www.blogger.com/profile/18138078661359578042noreply@blogger.com