section80E
This query is : Resolved
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
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.
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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