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I HAVE TAKEN AN EDUCATIONAL LOAN FROM UNITED BANK OF INDIA.WHAT'S THE STEP OF CLAIMING THE INTEREST?
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I HAVE TAKEN EDUCATIONAL LOAN OF AMOUNT RS 100000 FROM UNITED BANK. YET I AM UNEMPLOYED BUT MY REPAYMENT PERIOD IS ALREADY STARTING. I WANT TO DEDUCT THE LOAN INTEREST. WHAT ARE THE STEP OR PROCESS TO DEDUCT THE INTEREST. IS THERE ANY FORM I HAVE TO SUBMIT?
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Education Loans
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Asked by UJJWAL -
1 year ago
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Best Answer:
You can claim tax benefits on education loan are only valid once you start the repayment and moreover they are only available up to eight years. For instance if your loan tenure exceeds eight years, you cannot claim for deductions beyond eight years. As you have not yet started repayment of loan then it would be difficult for you to claim for this. To know more about education loans visit rupeetimes.com.
1 year ago - By Dinki
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