80e - interest on education loan
This query is : Resolved
04 March 2014
Definition of Higher education is proposed to be substituted by making a amendment as per
Finance (No. 2) Bill 2009. After the amendment Higher education would means any course of study
pursued after passing the Senior Secondary Examination or its equivalent from any school, board or
university recognised by the Central Government or State Government or local authority or by any
other authority authorised by the Central Government or State Government or local authority to do
so.
My Query - I have taken a loan from Indian Bank for a Foreign Course. Will I be eligible to Claim deduction U/s 80 E? Is it necessary that the Foreign University shall be Central Govt recognised? If yes, is there any list of such universities available?
Finance (No. 2) Bill 2009. After the amendment Higher education would means any course of study
pursued after passing the Senior Secondary Examination or its equivalent from any school, board or
university recognised by the Central Government or State Government or local authority or by any
other authority authorised by the Central Government or State Government or local authority to do
so.
My Query - I have taken a loan from Indian Bank for a Foreign Course. Will I be eligible to Claim deduction U/s 80 E? Is it necessary that the Foreign University shall be Central Govt recognised? If yes, is there any list of such universities available?
04 March 2014
yes since it is covered by higher studies u will be eligible u/s 80E.
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