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Tax benefit - interest on education loan, Income Tax

Issue Id: - 1267
Dated: 13-6-2009
By:- Rahul Bagaria

Tax benefit - interest on education loan

Contents

My query is on Education loan:- Wife and husband both had applied for the education loan jointly which was sanctioned by the bank in joint name.Husband is studying after utilising the loan money.Wife being the joint applicant is paying the interest money and some principle amount. Can she claim the tax benefit as she is paying the money.

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Showing Replies 1 to 2 of 2 Records

Page: 1

1 Dated: 15-6-2009
By:- CA GOPAL JI AGRAWAL

She can claim the interest payment (applicable from the assessment year 2008-09)

2 Dated: 16-6-2009
By:- Ravi Chopra

Yes, the provisions of Section 80E as amended allowed the benefit of deduction in the hands of wife for loan taken towards higher eduction of her husband.

Page: 1