TaxTMI 
TaxTMI 
Whether the benefits of Sec. 80E are available for the prescribed studies in a foreign country?
Applicability of Sec. 80E for the prescribed studies in a foreign country
17 Aug 2009 
2 Replies 
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Education loan interest deduction applies to prescribed higher education including foreign studies subject to loan and course criteria.
Section 80E permits deduction of interest paid on a loan from a financial institution or an approved charitable institution for the purpose of pursuing higher education for the assessee or a relative; "higher education" means full time graduate or postgraduate courses in engineering, medicine, management, or postgraduate courses in applied or pure sciences including mathematics and statistics, and respondents noted the provision's aim to enable prescribed higher education including where studies are abroad. (AI Summary)
Section 80E permits deduction of interest paid on a loan from a financial institution or an approved charitable institution for the purpose of pursuing higher education for the assessee or a relative; "higher education" means full time graduate or postgraduate courses in engineering, medicine, management, or postgraduate courses in applied or pure sciences including mathematics and statistics, and respondents noted the provision's aim to enable prescribed higher education including where studies are abroad. (AI Summary)