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Deduction u/s 80e

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Querist : Anonymous

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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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 September 2011 Guarantor can't avail deduction under section 80E.
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