23 September 2010
My client being an Individual has two Chidren.One is Daughter & another Son. The assesse has taken Education Loans for both two Chidren towards Higher Studies i.e. M.B.A.courses.He is paying Monthly EMI regularly from his taxable income. Now query is whether he can claim interest portion on repayment of Loan for both children u/s 80E of I.T. act or not.