My son took an education loan in his name for higher studies in India. He has opted for the new regime in IT and has just started earning. I am a retiree and my income is only from interest on FDs and Capital gains in sharemarket. Can I claim the interest on loan repayment as deduction under 80 E in old regime, since new regime does not allow this deduction ? The loan documents are all in my son's name.
Menu
Education Loan deduction
Replies (1)
If you are repaying the loan, you can claim the interest as deduction under section 80E in old scheme. If your son is repaying, it is not advisable that you claim the deduction.
Recent Topic
- TDS on Rent 194 QC
- GST Adjustment Entry Help Required
- In ITR1 How to choose Type of house property
- Defective return and Solution
- GST/RCM on freight — Solar EPC business R
- Return filing-aadhar and PAN no. of mentally retar
- Query on Property Transaction
- NISM Exam Fees 2026: What Costs Should Candidates
- What Should Students Look for Before Choosing a Bu
- FP&A career doubts
Related Topics
CAclubindia
