Section 27 - Amendment of section 80E - Finance Act, 2007

Amendment of section 80E. 27. In section 80E of the Income-tax Act, with effect from the 1st day of April, 2008,— (i) in sub-section (1), after the words "higher education", the words "or for the purpose of higher education of his relative" shall be inserted; (ii) in sub-section (3),— (A) in clause (a), for the words "notified by the Central Government", the words "approved by the prescribed authority" shall be substituted; (B) after clause (d), the following clause shall be inserted, namely:— '(e) "relative"', in relation to an individual, means the spouse and children of that individual.'.