Query- Regarding Claim under 80 E of Income Tax Act 1961

Posted on February 25, 2012 by SRRF

Dear SRRF Dialogue members,

We have received one more query under Income Tax Act 1961 from, Mr. K.P.S Varadhan, HiH

”Kindly clarify whether Self Education expenses can be allow under section 80E of Income Tax Act 1961, when there is no loan from financial Institution?’’.

Looking forward to your response.

Thanks and regards,
Tanvi Dogra
SRRF Dialogue, Coordinator

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One Response to Query- Regarding Claim under 80 E of Income Tax Act 1961

  1. Sriraman says:
    February 25, 2012 at 7:14 am

    Dear Varadhan

    To the extent, I am aware of, 80E benefit is applicable only for loans availed from banks. Hence, if you avail loan from a relative and pay interst on this loan, no benefit u/s 80E can be claimed.

    Best regards

    P.K. Sriraman

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