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80e
Please let me know who can take the tax benefit u/s 80E, in case an Eductional loan has been taken in name of assessee and the installment (interest+principle) is being paid from the joint bank account which is in name of assessee and his father?
Replies (1)
It will not matter that in whose name is taken,only the thing which matter is that who is paying int on such loan.As per language of sec 80E focuses that ded will be given to the person making payt of such int and in case of joint bank a/c the first holder will be deemed as payer and will get ded.Moreover,in your case it doesn't matter that among father&assess who is payer,because father or assess whoever deemed as payer are eligible for deduc.
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