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TMI BlogSec 80E-Interest on education loanX X X X Extracts X X X X X X X X Extracts X X X X ..... A person is not able to get Education loan...So he is planning to get a Personal Loan solely to get used for the purpose of the higher education of his son studying abroad...Whether he will be getting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the interest benefit u/s 80E ? Whether it is mandatory to get education loan only for getting benefit u/s 80E ? Is the nature of transaction not important, given the fact that he is ready to mainta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in a seperate bank a/c to prove that the loan was used solely for the purpose of higher education of his son abroad.... An early opinion on the aforesaid issue is solicited... Thanks... - Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By Ganeshan Kalyani - The Reply = The loan should have been taken for the purpose of education. The provision does not states that loan should be in the name of education loan , the purpose of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... loan is essential. The loan should have been taken for education. Hence i infer that you can take the benefit of interest paid on the loan taken for education. - Sec 80E-Interest on education loan - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - BHARAT COKING COAL LIMITED Dated:- 18-10-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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