deduction u/s 80E

yes

an assessee can claim deduction

if he/she borrowed loan  from any recognized financial institution...

from anywhere, whether in INDIA or OUTSIDE INDIA

DEAR SOURABH,

YES AGREED WITH DHEERAJ.

DEDUCTION UNDER SEC 80E WOULD BE ALLOWED SUBJECT TO :

1. DEDUCTION WOULD BE ALLOWED ONLY FOR INTEREST PAID ON SUCH EDUCATIONAL LOAN

2. LOAN SHOULD BE TAKEN ONLY FROM ANY BANKS, NOTIFIED FINANCIAL INSTITUTIONS OR APPROVED CHARITABLE INSTITUTIONS WHETHER IN INDIA OR OUTSIDE INDIA.

3. LOAN SHOULD BE TAKEN FOR FULL TIME GRADUATE OR PG COURSE ON ENGINEERING , MEDIINE, MANAGEMENT OR PG  IN APPLIED SCIENCE OR PURE SCIENCE.

4. IT IS IRRELEVANT WHETHER U PERSUE COURSE IN INDIA OR OUTSIDE INDIA.

5. INTEREST ON LOAN SHOULD BE PAID ONLY OUT OF THE INCOME WHICH IS NOT EXEMPT FROM TAX.

FINANCIAL INSTITUTION MEANS ANY FINANCIAL INSTITUTIONS TO WHICH BANKING REGULATION ACT APPLIES AND INTITUTIONS NOTIFIED BY OFFICIAL GAZZATE.

IF ALL THIS 5 CONDITIONS SATISFIES, U WOULD BET DEDUCTION U/S 80E

REGARDS,

MANOJ

Ya agree with the above friends, loan borrowed from a financial institution for purpose of Educatiion whether in india  or Abroad , the Assessee can  calim deduction u/s 80E interest part without any limit amount , upto 8 years from the date of borrowing .

Regards 

harish