Re:education loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2014
my son along with his mother applied for an education loan to study for mba during his study period the deduction of the loan was from his mothers account who was a joint holder for the loan. Now that he has completed his studies and got a job he would to repay the loan installmentsfrom his account which would be beneficial for his tax 80e.
2) can his mother pay the installements through ecs and the son pays the mother the installment amount and he claims income tax benefit 80e. Please advice
2) can his mother pay the installements through ecs and the son pays the mother the installment amount and he claims income tax benefit 80e. Please advice
10 May 2014
deduction u/s 80E will be available to mother only as she is paying the installment and not to the son.
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