Any charge rebate for childhood Loan for the Children?
If any childhood loan is given from Bank for the difficult study of children and the repayment is made by father from his income any charge rebate for the principal or interest can be claimed from stipend income.
Answers:
yes from the Financial year 2007-08, you can claim exemption for the repayment of loan or interest on instruction loan for self and spouse and children also u/s 80E of the income rates Act
No! I deduce single the children return with a rebate / exemption when they repay the academic loan availed from their income. The parent is singular the co borrower and if he ( the parent ) repays the loan, no exemption or rebate is given.
No. Only Your child is applicable for rebate for childhood loan.
My employer allows us to "claim 10" 2x a year, what does this expect and are here any negative to do this?
Do you have an idea that your antediluvian age income will still be here when "it's time"?
How do I Incorporate ?
Payroll Tax Question?
Selling fundamental residence and moving line into elderly mother's home. What are IHT considerations for mother ?
Answers:
yes from the Financial year 2007-08, you can claim exemption for the repayment of loan or interest on instruction loan for self and spouse and children also u/s 80E of the income rates Act
No! I deduce single the children return with a rebate / exemption when they repay the academic loan availed from their income. The parent is singular the co borrower and if he ( the parent ) repays the loan, no exemption or rebate is given.
No. Only Your child is applicable for rebate for childhood loan.