Tax Benefit u/s 80 E

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ANIL MATHUR (Querist)
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29 February 2020 If i take a education loan from my Friend and paid him Interest. Can I take the Tax Benefit u/s section 80 E of Income Tax.

Eswar Reddy S (Expert)
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29 February 2020 No. Loan should be from bank /financial institutions to avail deduction for interest u/s 80E

Ca Neha Jain (Expert)
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01 March 2020 No. Interest on Loan from friend is not covered under 80E. Loan should have been from a scheduled bank or charitable institution.

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