Interest on education loan

This query is : Resolved

JAYAKUMAR.M.G

JAYAKUMAR.M.G (Querist)
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01 March 2014 SIr
In respect of interest on Education Loan paid from the joint account of Father and Son and the son who is employed and actually repaying the loan & Interest, whether the father can claim the Actual amount of Interest paid.Kindly explain the condtions and restriction of the same.
Thanks in advance
Regards

Aashish Tiwari

Aashish Tiwari (Expert)
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01 March 2014 It is claimed by person, whose name wheather father or son, the bank sanction the loan amount.

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JAYAKUMAR.M.G

JAYAKUMAR.M.G (Querist)
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01 March 2014 If the loan is in the name of son and father is guarantor of the laon in such a case whether father can claim the interest actually paid him

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