Section 80e (education laon )
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2014
Dear Sir…
I have got an education loan for 1.70 lakh on 2008 for doing MBA.. since i was a minor at that time the loan account was created on both my name and my father name. Now i am working in a manufacturing company From April 2012 i am repaying my loan monthly Rs.6000 through internet banking. Separately they (SBI bank) debits monthly 1650 rs as interest . can i am not able to claim tax deduction for this amount from this year 2013-2014 because my income not taxable & my father able to claim because my father income is taxable amount pls give necessary information… what are the steps to be followed to utilise 80 E section.. pls reply to my mail-id.
Muneshkumar@lifelongindia.com
Thanking you..
I have got an education loan for 1.70 lakh on 2008 for doing MBA.. since i was a minor at that time the loan account was created on both my name and my father name. Now i am working in a manufacturing company From April 2012 i am repaying my loan monthly Rs.6000 through internet banking. Separately they (SBI bank) debits monthly 1650 rs as interest . can i am not able to claim tax deduction for this amount from this year 2013-2014 because my income not taxable & my father able to claim because my father income is taxable amount pls give necessary information… what are the steps to be followed to utilise 80 E section.. pls reply to my mail-id.
Muneshkumar@lifelongindia.com
Thanking you..
24 February 2014
if your father is paying back the loan, he can claim the interest deduction under 80e without any problem. if you are paying, you wont be able to claim any deduction.
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