80-e deduction
This query is : Resolved
07 April 2012
i m working at bank..I have taken 1 education loan for my sister's study.whether it is allowable deduction for me u/s-80e>??????
if i declared that she is dependent on me and then i take deduction?
if i declared that she is dependent on me and then i take deduction?
07 April 2012
If you are the 'legal guardian' of your sister, 80E can be claimed, otherwise no.
07 April 2012
yes agreed,
Loan should have been taken for the purpose of pursuing higher studies of Individual , Spouse, Children of Individual or of the student of whom individual is legal Guardian
Loan should have been taken for the purpose of pursuing higher studies of Individual , Spouse, Children of Individual or of the student of whom individual is legal Guardian
07 April 2012
read this link statement u get your query solution.
http://taxguru.in/income-tax/deduction-under-section-80e-for-interest-on-education-loan-taken-for-self-and-relatives.html
In this point no. 8 read carefully.
http://taxguru.in/income-tax/deduction-under-section-80e-for-interest-on-education-loan-taken-for-self-and-relatives.html
In this point no. 8 read carefully.
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