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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
