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Interest Loan Reduction for Foreign Education Loan

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(Querist)
12 March 2009 I am planning to take a Rs 20 L loan from an Indian bank to fund my MBA in Canada and I understand that the Indian laws allow an individual to avail 100% tax deduction for the interest payment for an education loan. Since I will be residing in Canada under student VISA and later as a Migrant Worker, I was wondering how will i avail the aforementioned tax deduction, if at all?

Thanks
SH
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
12 March 2009 If any of your income is taxable in India, then only you can clim deduction against your GTI, otherwise not.
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