Education Loan Interest u/s 80E
This query is : Resolved
19 June 2010
Sir,
If education loan taken by student and repayment made by his parent it is allowable to claim deduction U/S 80E (repayment of interest) in the parent tax computation or not for the financial year 2009-10.
Kindly guide us at the earliest.
Regards
Akbar Saudagar
09371350615
Sir,
If education loan taken by student and repayment made by his parent it is allowable to claim deduction U/S 80E (repayment of interest) in the parent tax computation or not for the financial year 2009-10.
Kindly guide us at the earliest.
Regards
Akbar Saudagar
09371350615
CA KISHORE VANAMA
(Expert)
19 June 2010
Hai Akbar,
He can claim deduction U/s 80E
He can claim deduction U/s 80E
Aditya Maheshwari
(Expert)
19 June 2010
Yes the parent can claim deduction.
19 June 2010
Loan is taken by student. Therefore, father cannot claim 80E deduction.
20 June 2010
Agree with Warrier Sir.
Eduction loan should be taken by Assessee.
If loan taken by student (and not by his parent for higher studies of his child) and repayment made by father, father will not be eligible for 80E deduction
Eduction loan should be taken by Assessee.
If loan taken by student (and not by his parent for higher studies of his child) and repayment made by father, father will not be eligible for 80E deduction
21 June 2010
agree with Mr.Gupta
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