80e deduction for ms in us
This query is : Resolved
08 January 2015
If educational loan is obtained for the purpose of studying MS in USA, is it possible to claim deduction under section 80E?
08 January 2015
yes, allowed can refer this link:
https://www.charteredclub.com/section-80e-education-loan/
https://www.charteredclub.com/section-80e-education-loan/
CA Kumar Mukesh
(Expert)
08 January 2015
If such foreign educational institute is recognized by the Govt of India, the only interest on loan will be allowed under section 80E otherwise not.
08 January 2015
Thankyou for your replies Mr Kumar and Sampat.
In continuation, How to findout such foreign educational institute is recognised or not?
I have searched UGC but it does not show any foreign universities as recognised.
In continuation, How to findout such foreign educational institute is recognised or not?
I have searched UGC but it does not show any foreign universities as recognised.
CA Kumar Mukesh
(Expert)
08 January 2015
It is better to ask from client to get such documents from foreign institute, if they provide the same then only you may allows deduction under section 80E, otherwise not
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