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  #1  
1st May 2016, 02:38 PM
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How can I claim Tax Rebate against an Education Loan for my sister's education taken by my father?


Hello,
My father has taken Education Loan from Union Bank for my sister's education. Now I am repaying the amount to the Bank. The Loan basically in on My father and sister's name combined. Now how can I claim tax rebate for the interest that I've been paying.




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  #2  
10th May 2016, 08:23 AM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How can I claim Tax Rebate against an Education Loan for my sister's education taken by my father?

I am extremely sorry to state that you cannot apply for tax rebate on the basis of your repayment of education loan. This is because the loan is not sanctioned on your name. Even though you are repaying but as per income tax law you can get tax exemption only in the scenario when education loan is sanctioned under your name and you give a proof from the concerned bank.
Do you have any question? or have anything to say?



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