Tax Benefit u/s 80 E
This query is : Resolved
29 February 2020
If i take a education loan from my Friend and paid him Interest. Can I take the Tax Benefit u/s section 80 E of Income Tax.
29 February 2020
No.
Loan should be from bank /financial institutions to avail deduction for interest u/s 80E
01 March 2020
No. Interest on Loan from friend is not covered under 80E. Loan should have been from a scheduled bank or charitable institution.
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