Regarding deduction


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2013 I want to know that
My father has 3 children
He is showing chindren's school tuition fees as deduction of First two child which is eligble..
.
can he also eligible for deduction of sec.80E (Interest on education loan) ?
but the querry is the "education loan" is taken on behalf of last 3rd child ?

09 November 2013 Tuition fees u/s.80C and interest on education loan u/s.80E both are independent. so you can claim for both deduction for same child

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2013 but tax deduction is allowed for maximum of 2 children ??

09 November 2013 Tuition fees deduction u/s.80C having cap of 2 children. under section 80E there is no such cap only relative definition is given as below

"relative", in relation to an individual, means the spouse and children of that individual or the student for whom the individual is the legal guardian


as you mentioned in the query, you can take the loan deduction for 3rd child

09 November 2013 agreed with Ramesh Ji.


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