Mr. Rath borrowed loan of ₹ 10 lakhs for higher education in India in the year 2005-06. He completed the course study in 2008-09. He started repayment of the loan from April 2010. He paid interest of ₹ 41,000 and princip
CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Rath borrowed loan of ₹ 10 lakhs for higher education in India in the year 2005-06. He completed the course study in 2008-09. He started repayment of the loan from April 2010. He paid interest of ₹ 41,000 and principal of ₹ 1,20,000 during the financial year 2016-17. The amount eligible for deduction under section 80E would be:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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