Education Loan used for purchasing House

Share This Thread
  1. alpesh vithani

    alpesh vithani New Member

    my client had taken eduction loan from bank for his son to send him abroad for the purpose of higher education. But after processing of his vissa file his son ins not able to clear the visa process and now he dont want to go there and start job here.

    he not paid a education loan which is redemed by german institute and use for the purpose of purchasing house

    now i want to claim interest deduction under section 80 E

    So plz help me what to do

    whether to take deduction or not so that i can keep my client secure
  2. Vineet Goyal

    Vineet Goyal New Member

    Since the educational loan was not utilized for the purpose of eduction, in my view, you should not consider deduction u/s 80E. Section 80E deduction is available when it is utilized for education as the purpose behind this deduction is to promote higher education and make the higher education available to lower income group.
Draft saved Draft deleted
Similar Threads Forum Date
Higher Education Loan Interest Income Tax Jul 28, 2017
Tax Exemption on Education Loan interest for previous years Income Tax Nov 3, 2016
education loan IT rebate on interest. Income Tax Oct 26, 2016
Docs to be submitted for claiming Education Loan Deduction Income Tax Sep 12, 2016
Education loan Income Tax Sep 10, 2016