09 May 2014
my son along with his mother applied for an education loan to study for mba during his study period the deduction of the loan was from his mothers account who was a joint holder for the loan. Now that he has completed his studies and got a job he would to repay the loan installmentsfrom his account which would be beneficial for his tax 80e. 2) can his mother pay the installements through ecs and the son pays the mother the installment amount and he claims income tax benefit 80e. Please advice
CAclubindia
