Is tax benefit u/s 80e???
This query is : Resolved
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?
28 March 2013
no, its shall not be allowed, since the loan must be availed from Financial institution or approved charitable institution.
28 March 2013
In my opinion you can not claim deduction.
Because you have to take loan specifically for Educational purpose only.
Because you have to take loan specifically for Educational purpose only.
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
OM SAI SRI SAI JAI JAI SAI
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