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Is tax benefit u/s 80e???

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(Querist)
28 March 2013 If I get a top up loan from my home and use that money for my children's higher education, can I get the tax benefit of section 80E?
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Sumit Grover

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Sumit Grover (Expert)
28 March 2013 no, its shall not be allowed, since the loan must be availed from Financial institution or approved charitable institution.
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CA Mahavir Shah

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CA Mahavir Shah (Expert)
28 March 2013 In my opinion you can not claim deduction.
Because you have to take loan specifically for Educational purpose only.



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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
28 March 2013 Yes, you not avail the benefit of exemption under section 80E because of loan taken purpose is not education purpose. I.e not the education loan.

OM SAI SRI SAI JAI JAI SAI

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