Education loan interest for n.r.i. assesses

Mr. Y went to USA to presue masters in Robotics in August-17. Mr. Y availed loan from SBI for paying education fees to foreign university. Mr. Y have business setup in India from which he earns income in India and the business in looked after his employees. Mr. Y thus need to file Income tax return in India as an NRI asssesse.

Is Mr. Y eligible to claim deduction under section 80E for interest charged by SBI on education loan and the same is paid by Mr. Y?

Replies (1)

Yes, an NRI can claim deduction for interest paid on education loan.

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