Raghunath repaid during previous year 2016-17 education loan of ₹ 60,000 and interest on education loan of ₹ 18,000 taken from Punjab National Bank for his son to pursue MS in Germany. The loan was taken in the financial
CS Executive · Tax Laws and Practice · PYQS · June 2017
Raghunath repaid during previous year 2016-17 education loan of ₹ 60,000 and interest on education loan of ₹ 18,000 taken from Punjab National Bank for his son to pursue MS in Germany. The loan was taken in the financial year 2008-09 and the payment commenced from financial year 2009-10. The amount eligible for deduction under section 80 E for the assessment year 2017-18 is:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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