Deduction u/s 80e to both coborrower

Tax queries 654 views 1 replies

Hi,

In case both husband and wife are co-borrower for the education loan taken for the one spouse's higher education, can both avail deduction under section 80E for payment of interest?

Replies (1)

Both the assessee's can claim deduction under section 80E for the payment of interest in the proportion in which loan was taken and interest repaid... 


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