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      Income Tax

      Is loan taken in name of any family member is eligible for deduction u/s 80E?

      22 May, 2018

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      Manual - Deduction u/s 80E - Deduction in respect of interest on loan taken for higher education

      NO, Loan should be taken by Assessee himself. If loan is taken in name of any relative then he/she is not eligible for deduction.

       

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