Tuition fees paid by borrower

Tax planning 576 views 1 replies

if borrower paid tuition fees of lender's child on behalf of  lender out of loan outstanding, then, can a lender claim deduction U/s 80C towards tuition fees of his child which is paid by borrower towards settlement of outstanding loan????????

 

Replies (1)

yes, you can claim.

But , first please explain is there any understanding between lender and borrower or he is making payment fo tuition fees on his own.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register