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Income tax section 80e

TDS / TCS 957 views 2 replies

Can the father claim rebate under section 80e if his son is the official borrower but the father is paying the installments on his son's behalf??????

Replies (2)

Yes. The Father can claim the Interest paid on Education Loan in his Personal Income Tax Return. 

 

 

Note : Under Chapter VI A,the person actually paying the shall be eligible for the deduction

 

 

Regards,

Devendra 

under section 80e of chapter VI the assessee (ie. the person who actually took the loan for himsel/spouse/children can avail this rebate on time of repayment)

since the son,and not the father, is the assessee

or the loan taker 

the son can rightfully claim the rebate at the time of payment

 

this is my thought....................................................................

 


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