A father and B son availed education loan. Education loan int exemption claimed by father A till last fy. Now A retired from service. Can C wife of A claim int exemption from this fy
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Quick Summary
A father, who had previously claimed an education loan interest exemption, has now retired. The question is whether his wife can claim this exemption from the current financial year. The consensus is that she cannot, unless the loan is formally transferred into her name.