https://www.taxtmi.com/acts?id=10846 Deduction is allowed to an individual for interest actually paid on a loan from a financial institution for pursuing higher education by the individual or specified relatives. The deduction applies from the initial financial year in which interest payments begin and continues for a limited subsequent period or until the interest is fully paid. "Financial institution" includes banks and others notified by the Central Government; "higher education" means post-senior secondary courses at recognised institutions; "relative" means spouse, child, or a ward for whom the individual is legal guardian. en-us Thu, 20 Aug 2009 12:24:25 +0530 Thu, 20 Aug 2009 12:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10846 Deduction is allowed to an individual for interest actually paid on a loan from a financial institution for pursuing higher education by the individual or specified relatives. The deduction applies from the initial financial year in which interest payments begin and continues for a limited subsequent period or until the interest is fully paid. "Financial institution" includes banks and others notified by the Central Government; "higher education" means post-senior secondary courses at recognised institutions; "relative" means spouse, child, or a ward for whom the individual is legal guardian. Act-Rules Bills Thu, 20 Aug 2009 12:24:25 +0530 https://www.taxtmi.com/acts?id=10846