I HAVE TAKEN EDUCATION LOAN FOR RS 20,00,000 AND MY FATHER IS RE-PAYING IT. CAN HE CLAIM THE REBATE FOR INTEREST THAT HE PAID U/S 80E?
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Rebate u/s 80e for parent
Replies (2)
So just check if your father is the co-borrower or not. If he is, then he may claim. Please remember that in education loans, parents are generally made co-borrowers.
It is a deduction from gross total income, and not a rebate. Yes, your father can claim only the interest part.
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