Who can Claim Deduction U/s 80 E
Student is paying EMI by transfering full EMI to parent's account but amount gets Debited from Parent's account to Bank.
Student and Parent both are on loan.
Can Child get Deduction in this scenario?
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Deduction u/s 80e
Replies (2)
The loan should be taken for the higher education of self, spouse or children or for a student for whom the individual is a legal guardian. Parents can easily claim this deduction for the loan taken for the higher studies of their children.
In this case, Child can avail the deduction.
https://commonmoney.home.blog/2019/02/26/section-80e-explained-in-5-simple-points/
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