I pay the interest on the Education loan availed by my younger sister who is in III year engineering. My parents and My younger sister are wholely dependent on me. I like to know whether i can claim deduction for the interest amount paid by me to the Bank. I'm unmarried girl living with my parents.
13 October 2008
Interest on loan taken for the higher education of himself/herself or any relatives i.e,spouse/any child can only be claimed as deduction u/s 80E.
CAclubindia
