Can I pay my sister's educational loan and show it on my Tax Filling under 80E-Interest On Education Loan?

386 views
User Avatar

1 Points Posted on 03 December 2020

After transferring my sister's education loan to my bank account, and I am going to pay the remaining EMI so can I show those interest on my tax filling.?

0 Reply Share Follow
On 03 December 2020 at 11:32 Report
Replies (3)
Quick Summary
This discussion clarifies whether you can claim tax deductions under Section 80E for paying the interest on your sister's education loan. According to Section 80E (3)(e), tax benefits for education loan interest are permissible not only for children and spouses but also for individuals for whom you act as a legal guardian. Therefore, if you are considered your sister's guardian, you can indeed show the interest paid on her education loan in your tax filing.

User Avatar

student
35 Points Posted on 03 December 2020
Yes..
Reply
On 03 December 2020 at 11:43
User Avatar

Tax consultant
5895 Points Posted on 03 December 2020
Yes you can
Reply
On 03 December 2020 at 13:51
User Avatar

Partner
1072 Points Posted on 04 December 2020

as per section 80E (3)(e), allowability is for children, spouse and one for whom you are guardian 

Reply
On 04 December 2020 at 19:23

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading