Sec 80E provides that, if you have taken any loan to pursue higher education. Then you can claim deduction of the interest amount that you have repaid to the bank.
But like every time, our income tax department, does not provide relief “without any ifs & buts”.
If you want to claim benefit of 80E, then loan must be taken from:
|For 8 A.Y’s starting from the assessment year you start paying interest on loan.||When interest is fully paid before completion 8 A.Y’s.|
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