Section 80E
This query is : Resolved
27 March 2010
80E Deduction in respect of interest on loan taken for higher education
"(e) 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."
Whether the deduction available in this section can be claimed for one child or more than one child ?
"(e) 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."
Whether the deduction available in this section can be claimed for one child or more than one child ?
27 March 2010
Deduction available only to Individual not to HUF or other type of Assessee.
Loan should have been taken for the purpose of pursuing higher studies of Individual , Spouse, Children of Individual or of the student of whom individual is legal Guardian.
Loan should have been taken for the purpose of pursuing higher studies of Individual , Spouse, Children of Individual or of the student of whom individual is legal Guardian.
27 March 2010
Repayments of education loan NOT covered under Section 80C.
There is no condition that the course should be in India.
Have you taken an education loan to support higher studies of yourself or of your spouse, Children or for the student of whom you are legal guardian and you are not aware of the tax benefits that you are entitled to. Then here is a guide that will assist you to know tax benefits on education loans. These benefits help you to reduce the overall cost of your education loan.
There is no condition that the course should be in India.
Have you taken an education loan to support higher studies of yourself or of your spouse, Children or for the student of whom you are legal guardian and you are not aware of the tax benefits that you are entitled to. Then here is a guide that will assist you to know tax benefits on education loans. These benefits help you to reduce the overall cost of your education loan.
27 March 2010
Fact of the case
Claiming of deduction U/s 80 E for more than one child of individual
content in 80E
There is any provision in section 80 E which limiting to one child
Conclusion
you can claim deduction under this section for more than one child
Claiming of deduction U/s 80 E for more than one child of individual
content in 80E
There is any provision in section 80 E which limiting to one child
Conclusion
you can claim deduction under this section for more than one child
27 March 2010
Yes you can claim the deduction under this section as no. of children not mentioned.
27 March 2010
agree with expert
27 March 2010
Agree.Sec.80E number of child not mentioned. canbe claimed more than one child
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