Kindly let me know whether the interest deduction on loan taken for higher education is applicable for
studies abroad also. As the amended clause c of subsection 3 of section 80E has created some confusion
about recognition of the institution by the central/state govt or local authority authorized by central/state govt.
Regards
Anil
Yes .studies abroad are very well eligible.The loan must be taken in India from approved Institutions .There is nothing to exclude foriegn education but the amendment intends at giving wider scope .
yes,agree with Mr C.Janani
Yes interest on Educational loan paid shall be eligible for deduction under sec 80E(Loan taken for studies abroad is undertaken loan should be taken in India.)
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CCI
Pro
CAclubindia
