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Asked by namish on :Jul. 11, 2018

Can I claim a deduction for the interest paid on …

Can I claim a deduction for the interest paid on education loan taken from my relative?

Can I claim a deduction for the interest paid on education loan taken from my relative?

0

Jeeba Jul. 11, 2018

Section 80E specifically states that in order to avail deduction for the interest paid on education loan, the loan must have been taken from any financial institution or approved charitable
Institution.

Since you have raised a loan from your relative, you are not eligible for the deduction under this section.

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