section 80 e

This query is : Resolved 

07 January 2008 I want to know that the interest on educational loan is a claimable in the hands of father if paid during the loan period on behalf of his son educational loan ie during the course of study of his son

07 January 2008 Yes after amendment in section 8E now deduction is available interest on education loan taken for higher study of son also.
Sandeep

09 January 2008 This section is amended, from the assessment year 2008-09, So for deduction will be allowable also in case of loan is utilised for relative.

Relative Means
Spouse & Children of individual.




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