alleryStart learning →Section 80E (education loan interest) is available to:
- A private company
- A partnership firm
- An individual alone
- A joint family HUF
Show answer and solution
Correct answer: C. An individual alone
Section 80E speaks of an assessee being an individual.
CA Inter Aggregation of Income, Set Off of Losses and Deductions — practice questions — page 3
Explore 84 free Aggregation of Income, Set Off of Losses and Deductions questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.
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Showing questions 61–84 of 84.
Section 80E (education loan interest) is available to:Read the answer and worked solution →The 80E deduction runs for the initial assessment year plus how many succeeding years (or until paid in full)?Read the answer and worked solution →The 'initial assessment year' in 80E relates to the year the assessee:Read the answer and worked solution →For 80E, 'higher education' means study pursued after:Read the answer and worked solution →For 80E, a 'relative' of an individual includes:Read the answer and worked solution →Section 80GG deducts rent paid in excess of what share of total income?Read the answer and worked solution →Section 80GG is not available to an assessee who has income falling under:Read the answer and worked solution →The 80GG deduction is capped at 25 percent of total income or Rs 5,000 per month, whichever is:Read the answer and worked solution →The maximum section 80TTA deduction on savings account interest is:Read the answer and worked solution →Section 80TTA covers interest on deposits that are:Read the answer and worked solution →For section 80TTA, 'time deposits' means deposits that are:Read the answer and worked solution →Savings interest earned by a firm is eligible for 80TTA in the hands of its partners:Read the answer and worked solution →Section 80U gives a resident individual with disability a deduction of:Read the answer and worked solution →The section 80U deduction for a person with severe disability is:Read the answer and worked solution →Section 80U requires the person with disability to be certified by:Read the answer and worked solution →Which condition is included in the definition of 'disability' for section 80U?Read the answer and worked solution →Section 80DD grants a deduction for expenditure on a dependant who is:Read the answer and worked solution →Besides spending on treatment, 80DD also covers payment into a scheme of:Read the answer and worked solution →If the dependant predeceases, the 80DD deposit is:Read the answer and worked solution →A resident supports a disabled dependant and spends on treatment; the base 80DD deduction is:Read the answer and worked solution →Section 80DDB allows the amount actually paid or Rs 40,000, whichever is:Read the answer and worked solution →For a senior citizen, the 80DDB limit rises to:Read the answer and worked solution →For 80DDB, the deduction is reduced by amounts received from:Read the answer and worked solution →For an individual under 80DDB, 'dependant' includes the spouse, children, parents and:Read the answer and worked solution →
Worked practice questions
The 80E deduction runs for the initial assessment year plus how many succeeding years (or until paid in full)?
- Three
- Five
- Ten
- Seven
Show answer and solution
Correct answer: D. Seven
Section 80E(2) allows the initial year and seven succeeding assessment years, or until the interest is paid in full, whichever is earlier.
The 'initial assessment year' in 80E relates to the year the assessee:
- Starts paying loan interest
- Gets the loan sanctioned
- Enrols for the course
- Completes the course
Show answer and solution
Correct answer: A. Starts paying loan interest
The definition ties the initial assessment year to the previous year in which interest payment starts.
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