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Deduction u/s 80E - Deduction in respect of interest on loan taken for higher education

Deduction u/s 80E - Deduction in respect of interest on loan taken for higher education - Income Tax - Exemptions and Deductions - 13 - SECTION 80E The deduction under Section 80E is available to an individual if following conditions are satisfied: T .....

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t amount from your taxable income. However there is no benefit available on the repayment of principal amount of the loan. Deduction is available if Interest is been paid during the previous year and was paid out of income chargeable to tax which mea .....

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roved charitable institution for the purpose of pursuing his higher education. Loan should have been taken for the purpose of pursuing higher studies of Individual, Spouse, Children of Individual or of the student of whom individual is legal Guardian .....

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even assessment years immediately succeeding the initial assessment year or until the interest is paid by the assessee in full, whichever is earlier. The tax benefits on education loan are only valid once you start the repayment and moreover they are .....

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