Interest deduction

Tax queries 319 views 1 replies

My Person has taken a loan for doing he claim fulltime MBA for his son.....loan is in joint name of father and his son.so can 

he claim interest deduction in P.y.2009-2010....

Replies (1)

Dear Sir,

A father is eligible for deduction in case of education loan for his son provided he(Father) has made the repayment...

MBA course is covered  it is from an approved/recognised university.


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