Deduction u/s 80e
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2011
If the assessee has taken loan for his post graduation, the gaurantor is his father.
The assessee's Salary is Lower as compared to his EMI, So indirectly he is dependent on his father and further in this case if the amount (lumpsum interest amount) is paid by the father (guarantor) then is the assessee and guarantor both eligible to claim deduction u/s 80E.
The assessee's Salary is Lower as compared to his EMI, So indirectly he is dependent on his father and further in this case if the amount (lumpsum interest amount) is paid by the father (guarantor) then is the assessee and guarantor both eligible to claim deduction u/s 80E.
16 September 2011
Guarantor can't avail deduction under section 80E.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
