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Section 80E

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Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

Income Tax : The Income Tax Act's Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most import...

April 15, 2024 12864 Views 0 comment Print

Tax Saving through Educational Loan – Section 80E

Income Tax : This article delves into the provisions of Section 80E, highlighting its benefits and clarifying common queries related to educati...

January 18, 2024 1254 Views 2 comments Print

Income Tax benefits on interest on education loan

Income Tax : Learn all about income tax benefits on interest on education loans under Section 80E with our overview of eligibility criteria and...

November 30, 2023 3258 Views 0 comment Print

Section 80EE: Income Tax Deduction for Interest on Home Loan

Income Tax : Article delve into the details of Section 80EE, its eligibility criteria, and how to claim the deduction while optimizing your inc...

May 29, 2023 61134 Views 2 comments Print

What are the deductions allowed under Chapter (VIA) of Income tax Act, 1961

Income Tax : Discover key deductions under Chapter VIA of the Income Tax Act, 1961, including Section 80C, 80D, and 80G. Learn how to optimize ...

April 19, 2023 11847 Views 1 comment Print


Latest Judiciary


Deduction u/s 36(1)(vii) eligible on interest on loans given for residential purpose for period less than 5 years: ITAT Mumbai

Income Tax : ITAT Mumbai held that income by way of interest on loans given for residential purposes for period less than 5 years is eligible f...

March 23, 2024 657 Views 0 comment Print

Assessee needs to discharge initial onus in case of Commission to Related Party

Income Tax : LOAN AND ADVANCES –Interest free funds available with the assessee is in excess of amount advanced to sister concern. There is n...

January 17, 2018 2280 Views 0 comment Print


Latest Notifications


Notification No. 79/2010-Income Tax Dated 13/10/2010

Income Tax : Notification No. 79/2010-Income Tax Section 80E of the Income-tax Act, 1961- Deduction - In respect of interest on loan taken for ...

October 13, 2010 2853 Views 0 comment Print


Section 80E Deduction for Interest on education Loan

June 26, 2018 745556 Views 340 comments Print

Have you taken an education loan to support higher studies of yourself or of your spouse, Children or for the student of whom you are legal guardian and you are not aware of the tax benefits that you are entitled to. Then here is a guide that will assist you to know tax benefits on education loans. These benefits help you to reduce the overall cost of your education loan.

10 lesser known Income Tax Deductions

June 25, 2018 149843 Views 56 comments Print

We all know about the popularly know deductions like deduction u/s. 80C & 80D. But many times we use to forget to claim many other deductions which are available under the Income Tax Act, which can reduce our tax burden significantly. In this article we discussed 10 such lesser know deductions which taxpayers tend to forget to claim while filing there Income Tax Return.

Tax Planning under section 80C and Section 80E

June 21, 2018 56550 Views 9 comments Print

DEDUCTION U/s 80E -1. Conditions : Applicable to Individuals not to HUF Loan must be taken for Higher studies Loan must have been taken from approved financial and charitable institutions Only Interest is allowed as deduction Deduction is allowed only for 8 years from the date repayment not more than that

Assessee needs to discharge initial onus in case of Commission to Related Party

January 17, 2018 2280 Views 0 comment Print

LOAN AND ADVANCES –Interest free funds available with the assessee is in excess of amount advanced to sister concern. There is no nexus between the interest bearing funds and the money so advanced to sister concern which has been established by AO. In view of the same, a presumption will arise in favour of assessee that interest free funds have been utilized for advancing such advance to sister concern. 

Income Tax provisions – Individual Salaried for A.Y 2015-16

August 27, 2015 36009 Views 24 comments Print

The article covers Introduction, Residential Status, Tax Rates, Head-wise Taxation & Deduction available under the Act. Hope you will find it useful in this Return Filing Season.

Save taxes while applying for an education loan

June 26, 2014 2140 Views 0 comment Print

Admission season is on and it’s that time of the year when every student is hoping to get in to a good college to pursue their higher studies. Once the admissions are sorted the next challenging step is to arrange the finances. The admission fee for higher studies is usually not a small amount and […]

Notification No. 79/2010-Income Tax Dated 13/10/2010

October 13, 2010 2853 Views 0 comment Print

Notification No. 79/2010-Income Tax Section 80E of the Income-tax Act, 1961- Deduction – In respect of interest on loan taken for higher education – Financial institution notified for purpose of section 80E(3)(b)