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.
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