Income tax

Can I take an educational loan to offset the TDS on my fixed deposits and rental income

asked Jan 03 '12 at 14:31 by CAV 8188 11

Income from fixed deposit and rental income cannot be offset against any other deduction. This will be added to your taxable income.

But if you take educational loan, there will be tax benefit available on interest payment. Whole interest paid during the year can be deducted from taxable income.

answered Jan 04 '12 at 16:05 by Pankaj Batra 5.2k320


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Asked: Jan 03 '12 at 14:31

Seen: 971 times

Last updated: Jan 04 '12 at 16:05