80E deduction for major
kaipa samhitha (3 Points)
07 March 2023
Can a person who has taken educational loan for a major who is dependent on him claim deduction
2 Replies
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 08 March 2023
Sec 80E allows deduction in respect of interest on loan taken on higher education of relatives. For the purpose of this section, relative, in relation to an individual, means the spouse and children of that individual or the student for whom the individual is the legal guardian.
So it is irrelevant if the child is major or minor, dependent or independent.
So it is irrelevant if the child is major or minor, dependent or independent.
sabyasachi mukherjee
(27740 Points)
Replied 08 March 2023
Sec 80E IS AN EXEMPTION FROM GROSS TOTSL INCOME.
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