Deduction under section 80E can be claimed for interest on loan for:

CS Executive · Tax Laws · PYQS · December 2024
Deduction under section 80E can be claimed for interest on loan for:
(A) Any course of study after passing the Senior Secondary Examination or its equivalent from any recognized school, board or university
(B) For any course of higher education
(C) Any course Recognized by State Government
(D) Any course Recognized by Central Government

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A), (B). Official source note: Option A / B both are correct. Section 80E Deduction in respect of interest on loan taken for higher education. Further "higher education" means any course of study pursued after passing the Senior Secondary Examination or its equivalent from any 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;

Topics: Income Tax Act

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