Hi
My son got education loan from Government Bank to study at abroad. The loan is in the name of 1.My son and 2 Myself.
My wife is guarantor.
I am a retired member.
Since my son is studying and I am a retired person my
wife is paying monthly education loan interest.
My wife is paying monthly income tax from her salary.
Here I want to know the above transaction is apparant is my wife is eligible to claim income tax exemption. Kindly clarify.
Thanks and Regards
Sivakumar R
CAclubindia
