23 December 2014
section80e says loan should be for courses approved by government.so can you please tell me if the loan is taken for studies abroad than interest on such loan is available as deduction
24 December 2014
You have misunderstood section 80E. It only says that loan should be taken from approved financial institution such as a bank and higher education for which loan may be taken means any education above senior secondary level from a board/university recognized by government. so loan may be taken even for studies abroad whether full time or part time.
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