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#1
17th November 2018, 04:22 PM
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How can I claim tax rebate SBI Education Loan taken by my sister?
Hi friends, my brother has taken an education loan from SBI for her BTech course. She has completed course and now I am being his brother repaying the amount of Education loan which was taken by her. The is combined with my sister and mine names. But I want to claim tax rebate on this loan. Kindly tell me what I have to do?
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#2
8th June 2022, 01:27 PM
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Re: How can I claim tax rebate SBI Education Loan taken by my sister?
Only interest paid on an education loan qualifies for deduction under 80E
While the entire interest amount can be claimed as deduction , principal repayment does not qualify for any benefit. If anyone wants to claim tax benefit , they must ensure the EMIs go from their account. One needs to get loan repayment certificate from the lender every year to claim . |
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