Can avail deduction U/s 80E if Payment paid for himself..?

Dear Aurn,

U have again mixed two deductions -

80 C -Tution fee- can only be claimed for children (maximum of 2) - not available for self

80 E - Interest on loan for higjer studies is allowed even if loan is taken for self.

Ooooooopsss you are rite Amir....Actully my question under 80C...... can my father claim if the said case is same.

U/s. 80C - Tution Fees for u'r self can bot be claim.

U/s. 80E - Interest on loan take for higher studies  Self

Yes, u'r father can claim.

Mr.Ameet ,You want say that tution fee which is paid by me...for distance larning MBA course, can claimed by my father.

Arun, no ur father cannot claim it, as its paid by u and not by ur father..... The simplest logic.

So its mean there is no possibility of exemption....!!

is it irrelavent that ........course is through Distance larning.?

Section 80E provides for a deduction in respect of interest paid on loan taken for higher education.

Its nothing related to tuition fees.

Dear Aurn.....

80 C -Tution fee - paid for children (maximum of 2) - not available for self.

Dear Amir brother...

i have a query regarding 80E deduction....

i saw in one book that ...

The loan was taken by the taxpayer for the purpose of pursuing his own higher education (or from the A.Y. 08-09, for the purpose of higher education of his relatives i.e. spouse/ any child).

please clarify...

Distance education there is nothing called tution fee(i think) so there is no way you can take 80C deduction. If the Fee reciept mentions about tution fee then, next question is, "IS IT PAID BY CASH" if it is paid by cash or DD taken using cash(not bank account or cheque) then you can always take a stand that its your father's cash. IF it is paid by you through cheque or bank transfer then sorry there is no way you can take 80C benefit by my view. and 80E is for the interest paid on Loan taken for higher studies from recognised financial institutes. so you cannot say that you have taken loan from your father and interest is paid to him... so 80E totally ruled out
 

Dear Balaji,

It was there becos it is allowed, culdn't get ur query actually?/

80 E is available for higher studies of the assessee or his relative -

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.

hi to all

Actually Mr. Amir, has said everything i thought of telling, so i second his views

regards

karthi

hi to all

Actually Mr. Amir, has said everything i thought of telling, so i second his views

regards

karthi