Education

This query is : Resolved

Baljinder Singh (Querist)
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20 March 2009 Mr. Y has taken education loan for study of MBA and his father Mr. X paid interest on loan of Rs.45314/-.

Can father claim the exemption of interest paid on Education loan of his son. Son is doing study and he is not able to pay the interest.

Pls help me.

Regards

BALJINDER SINGH

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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20 March 2009
The loan must have been taken for the purpose of pursuing his or his relatives higher education.
So your father can claim it u/s 80E

Relative means spouse, children whether dependant or not

Regards………………………..!