Section 80E

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This query is : Resolved

CA Dron Bharadwaj (Querist)

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 ?

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

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.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

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.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)

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