Interest on education loan
This query is : Resolved
18 February 2012
if in case an education loan is taken by the father for her daughters education but the repayment of installments and interest of loan is made by the daughter. then who is entitled to get deduction under 80E. kindly reply.
18 February 2012
Section 80E clear about
1. Loan taken by the assesseee and paid by the assessee
2. Payment out of Income chargeable to tax
in your query both class not satisfied, so cannot get deduction
1. Loan taken by the assesseee and paid by the assessee
2. Payment out of Income chargeable to tax
in your query both class not satisfied, so cannot get deduction
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20 February 2012
1. Father has not made repayments. So he can't enjoy 80E.
2. Daughter has not taken the loan. So she can't avail 80E.
2. Daughter has not taken the loan. So she can't avail 80E.
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