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Education Loan Interest u/s 80E

This query is : Resolved 

19 June 2010
Sir,

If education loan taken by student and repayment made by his parent it is allowable to claim deduction U/S 80E (repayment of interest) in the parent tax computation or not for the financial year 2009-10.

Kindly guide us at the earliest.

Regards
Akbar Saudagar
09371350615



19 June 2010 Hai Akbar,

He can claim deduction U/s 80E

19 June 2010 Yes the parent can claim deduction.

19 June 2010 Loan is taken by student. Therefore, father cannot claim 80E deduction.

20 June 2010 Agree with Warrier Sir.
Eduction loan should be taken by Assessee.
If loan taken by student (and not by his parent for higher studies of his child) and repayment made by father, father will not be eligible for 80E deduction

21 June 2010 agree with Mr.Gupta


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