https://www.taxtmi.com/acts?id=11730 An individual may deduct interest paid on a loan from a financial institution for pursuing higher education for himself or his relatives. The deduction applies in the initial financial year when interest payments commence and in the seven immediately succeeding financial years or until the interest is fully paid, whichever is earlier. Definitions supplied include "financial institution" as banks or notified institutions, "higher education" as post-senior secondary courses recognised by government authorities, "initial financial year" and "relative" as spouse, child, or a student under legal guardianship. en-us Thu, 16 Sep 2010 18:57:45 +0530 Fri, 17 Sep 2010 13:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11730 An individual may deduct interest paid on a loan from a financial institution for pursuing higher education for himself or his relatives. The deduction applies in the initial financial year when interest payments commence and in the seven immediately succeeding financial years or until the interest is fully paid, whichever is earlier. Definitions supplied include "financial institution" as banks or notified institutions, "higher education" as post-senior secondary courses recognised by government authorities, "initial financial year" and "relative" as spouse, child, or a student under legal guardianship. Act-Rules Bills Thu, 16 Sep 2010 18:57:45 +0530 https://www.taxtmi.com/acts?id=11730