Tax exemption of Personal Loan taken for Education Purpose

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  1. dubeanand

    dubeanand New Member

    Hi,

    I had taken 2 personal loans for funding higher education of my wife. Can I claim Tax exemption on the interest amount paid for the loans?

    Thanks
     
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    No Deduction in Income Tax would be allowed for Personal Loan taken for the purpose of Education.
     
  3. dubeanand

    dubeanand New Member

    Thanks Mr. Gandhi for your guidance.
     
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