regarding 80e and deduction of interest
This query is : Resolved
05 November 2009
My daughter has obtained higher studies education loan through Vijaya Bank. I am paying interest every month. can I get interest payment under 80E and if yes, how to claim.
D SrikantaMurthy
D SrikantaMurthy
06 November 2009
Yes , you can claim it u/s 80E , the only condition you have to satisfy , that the interest is paid by your income chargeable to tax . you can claim it upto 8 years. Presently there is no limit for that also.
06 November 2009
In the given situation,parent will not get deduction under section 80E because loan is not in the name of parent.
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