#1  
3rd June 2015, 06:29 PM
Unregistered
Guest
 
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Can I get any benefit in Income Tax against Education Loan to study in Abroad?


Hi Sir,
My son has joined a Pilot Training Institute in USA.
I have taken a loan for the same.
Do I get any Income Tax benefit on the Education Loan?
Kindly tell me about this.




  #2  
13th June 2015, 12:59 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I get any benefit in Income Tax against Education Loan to study in Abroad?

Yes, you will get income tax benefit on the education loan of your son. Since you are the co-borrower of the education loan, so you will tax benefit. Consult the concerned bank from where you had taken the education loan to get the details of the benefit and also get the requisite proofs from the concerned bank which you can provide while filing the income tax e-file.
Do you have any question? or have anything to say?





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