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section80E

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Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2011 my father took a loan for the higher education purposes of my brother in pevious year 05-06.MY brother was also the coapplicant . my father is currently allowed deduction under section 80E . NOW if the loan is transferred to my brother will he get the deduction under same section

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 January 2011 Section 80E is meant for extending the benefits of educational loans.

As your brother is a co-applicant, and there is no restriction in the section like- only one person is eligible to claim such deduction who ever had started to claim.

In the absence of such a provision, your brother is eligible to claim the deduction during the unexpired period.

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