https://www.taxtmi.com/manuals?id=901 Deduction for interest on a loan taken for higher education is available only to an individual, not to HUFs, firms, LLPs, companies, trusts, or AOPs. The deduction applies only to the interest component, on actual payment, where the loan is taken from a financial institution or approved charitable institution for higher education of the assessee or a relative, and repayment is made out of income chargeable to tax. It is allowable for the initial tax year and seven succeeding tax years, or until interest is fully paid, whichever is earlier. en-us Wed, 12 Aug 2015 18:29:00 +0530 Wed, 01 Jul 2026 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=901 Deduction for interest on a loan taken for higher education is available only to an individual, not to HUFs, firms, LLPs, companies, trusts, or AOPs. The deduction applies only to the interest component, on actual payment, where the loan is taken from a financial institution or approved charitable institution for higher education of the assessee or a relative, and repayment is made out of income chargeable to tax. It is allowable for the initial tax year and seven succeeding tax years, or until interest is fully paid, whichever is earlier. Manuals Income Tax Wed, 12 Aug 2015 18:29:00 +0530 https://www.taxtmi.com/manuals?id=901