Please Help: Treatment of education loan?
Posted Date : 30-Jun-2012 , 06:32:00 am | Posted By: Rambabu Senkarasetti
Category :
Income Tax | Answers :
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Comments :
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What is the treatment of education loan taken in the name of child? Can the father claim interest as deduction in his income? |
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Answers:
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 Answer by: Rishabh Upadhyay |
| Yes, interest of education loan taken in the name of child is allowed as deduction from the income of parents
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| Answer by: Vikash Kumar Jha |
| he can claim interest as deduction Under section 80E from his gross total income
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| Answer by: Siddharth Bumb |
| he can claim interest on loan under section 80E
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| Answer by: Rambabu Senkarasetti |
| Thankyou sir.
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| Answer by: Krishna Chandra Santi |
| Child is coming under the meaning of relative. So deduction is allowed u/s 80E. Please note quantum of deduction is the amount paid during the previous year towards interest.
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