u/s 80E if interest paid by two persons then who will be liable to get deduction ?
both or 1 of them on which basis
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Regarding 80E
Replies (6)
both are of one family or relative .
and on whose child they taken loan
and on whose child they taken loan
the persons who are paying interest are mother and father of that child
By Whom loan was taken??
loan was taken on the name of child by father
U can take deduction u/s 80E interest paid by out of your chargeable income.
You need to obtain a certificate from your Bank,segregating the principal and interest portion of the education loan paid by you during the financial year. The total interest paid will be allowed as deduction.
thank you
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