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Education Loan Repayment
by Salil on Feb 02, 2006 10:14 AM

Hi,

Regarding the tax benefit for the repayment of education loan, it was very clear that for the financila year only the interest amount will be eligible for benefit and not the principle amount.

But only few days back I got the info from my companys finance dept that they will still be considering the principle amount for benefit. Kindly let me know how true is this.

Because we have now two information and it is confusing as to which one is correct.

Regards,
Salil

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