EDUCATION LOAN U/s 80e
This query is : Resolved
10 May 2010
Mr. A (Father) & Mr. B (Son), have jointly taken education loan of Rs. 10.00 lacs for the Higher education of Mr. B(Son).
Whether both of them can take benefit of Section 80E for computing their income & tax? If Yes, up to which amount both of them can take this benefit?
Whether both of them can take benefit of Section 80E for computing their income & tax? If Yes, up to which amount both of them can take this benefit?
10 May 2010
No, only one can take the benefit of the same.
There is no limit to this, but only interest payment is allowed as deduction.
There is no limit to this, but only interest payment is allowed as deduction.
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