Income tax

This query is : Resolved

Naveen Valecha (Querist)
Follow

09 May 2014 The Query is regarding one of my friend whose father has recently passed away. Before that Father was repaying the education loan of her daughter and taking benefit of 80E. Now when Father is passed away, the son is repaying the Loan & Interest for his sister. Can he take the benefit of 80E. If not that how can he become his legal guardian (as mentioned in 80 E)

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

09 May 2014 well for income-tax purpose you might become the legal guardian, what you need to check is whether under the loan documentation, you are covered under legal heirs/successor or not. This is so because 80E requires that the deduction is taken by who has borrowed in respect to covered persons.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

10 May 2014 you must first get name converted on son as if now he has taken loan and he is repaying then alowed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rakesh Maner

Credible HRM

Jai Solanki

Ashif Cheenikkal

sandhya.v

Subscribe Now

Income tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA