#1  
19th September 2015, 04:27 PM
Unregistered
Guest
 
Posts: n/a

How can I claim Tax Rebate on Education Loan taken by my father for my brotherís education?


Hello,
My Father has taken Education Loan from United Bank of India for my brotherís B.Tech course. Now he has completed his course and I am being his guardian repaying the amount of Education Loan which was taken by my Father. The Education Loan is combined with my father and my brother names. But I want to claim tax rebate on this Education Loan. Kindly tell me what I have to do?





Related Questions:
  1. How can I claim for Tax Rebate against Education Loan taken by my Father-in-Law for my wife's education?
  2. Is there any way of Tax Rebate against Education Loan of Rs. 305000?
  3. Is it possible to present my Brother-In-Law as a Guarantor to apply for Education Loan due to my father's death?
  4. Can I get Tax Rebate against Education Loan if paying interest of Rs. 12947 per month?
  5. Need information about Tax Rebate provided against Education Loan?
  6. Maximum amount to be claimed for Tax Rebate against Education Loan of Rs. 400000?
  7. Is it possible to show Brother-in-Law's IT file as a guarantor instead of father to apply for Bank Education Loan?
  8. Can I get Tax Rebate against Education Loan of Rs. 6.2 Lacs if working in CCL?
  9. Detailed information about Tax Rebate against Education Loan of Rs. 2.2 Lacs from United Bank of India?
  10. Whether my father can become Guarantor for Education Loan if my brother is studying MBA through Education Loan?
  11. Can I get Education Loan to study B.Tech if my father has no property?
  12. Can I get Tax Deduction if taking Education Loan of Rs. 3,50,000 Lacs?
  13. Can I apply for Bank Education Loan of Rs. 12 Lacs to study in Newzealand if my father doesn't have Income Tax file? -- [Most Discussed]
  14. From which bank can I get education loan approved for education of my brother?
  15. How can I apply to get Education Loan easily to study MBBS if my father is a serviceman in ECIL?
  16. Can I apply for an Education Loan to study MBBS if my father is working in Abu Dhabi?
  17. Can I apply for Education Loan if my father has taken Business Loan against Hotel property?
  18. Is it possible to apply for an Education Loan to study MS in Abroad for a candidate whose brother is an NRI?
  #2  
20th September 2015, 12:02 AM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How can I claim Tax Rebate on Education Loan taken by my father for my brotherís education?

It is quite a complicated matter since your name is no where tangled with your brother's education loan. Hence, there is no legality of your repayment. However, you can definitely get tax benefit. You need to have a discussion with the concerned bank from which your brother had taken loan. Ask them to link the account to your account and give you provision of e-statement or proof of the transactions done as repayment. Once the concerned bank acknowledges, you can get tax rebate.




Reply With Quote
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Need information about Tax Rebate provided against Education Loan? 2 15th September 2015 09:50 PM
Whether my father can become Guarantor for Education Loan if my brother is studying MBA through Education Loan? 2 15th September 2015 08:28 PM
How can I claim Tax Rebate on Education Loan taken by my father for my brotherís education? 0 13th September 2015 04:27 PM
Is there any way of Tax Rebate against Education Loan of Rs. 305000? 0 26th August 2015 01:50 PM
How can I claim for Tax Rebate against Education Loan taken by my Father-in-Law for my wife's education? 0 14th May 2015 04:44 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: