Interest on Education Loan of dependent Sister
This query is : Resolved
12 October 2008
Sirs,
I pay the interest on the Education loan availed by my younger sister who is in III year engineering. My parents and My younger sister are wholely dependent on me. I like to know whether i can claim deduction for the interest amount paid by me to the Bank. I'm unmarried girl living with my parents.
Kindly clarify.
thank u in advance
I pay the interest on the Education loan availed by my younger sister who is in III year engineering. My parents and My younger sister are wholely dependent on me. I like to know whether i can claim deduction for the interest amount paid by me to the Bank. I'm unmarried girl living with my parents.
Kindly clarify.
thank u in advance
13 October 2008
No since the deduction prescribed in section 80E is restricted to self or spouse and children only.
13 October 2008
Interest on loan taken for the higher education of himself/herself or any relatives i.e,spouse/any child can only be claimed as deduction u/s 80E.
13 October 2008
NO YOU CAN'T
14 October 2008
Thank you Sirs. Thank you very much
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