Sahil works in a technology company. On 1st January, 2019, he took a loan of ₹ 2,40,000 from his company for the higher education of his daughter. During the year 2019-2020, he paid an interest of ₹ 46,000 towards the said loan and repaid principal component of ₹ 10,000. The deduction that he can claim u/s 80E would be-
A. Nil
B. ₹ 24,000
C. ₹ 46,000
D. ₹ 10,000
Answer:C
Sahil works in a technology company. On 1st January, 2019, he took a loan of ₹ 2,40,000 from his company for the higher education of his daughter. During the year 2019-2020, he paid an interest of ₹ 46,000 towards the said loan and repaid principal component of ₹ 10,000. The deduction that he can claim u/s 80E would be-
A. Nil B. ₹ 24,000 C. ₹ 46,000 D. ₹ 10,000