Exemption in income tax against the interest paid for educat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2013
Sir,
My son has taken loan for his higher PG education. I am co-borrower of the loan. During the course I was paying the interest of the loan amount and got exemption in income tax.
Now the course has been completed and my son has joined a job. My questions are :
1. can I still pay the loan amount? Now my son has the job.
2. Can I get the exemption against the paid interest for education loan?
My son has taken loan for his higher PG education. I am co-borrower of the loan. During the course I was paying the interest of the loan amount and got exemption in income tax.
Now the course has been completed and my son has joined a job. My questions are :
1. can I still pay the loan amount? Now my son has the job.
2. Can I get the exemption against the paid interest for education loan?
CA Kapil Verma
(Expert)
12 June 2013
yes , you can do so.
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