Deduction in respect of interest on loan taken for higher education

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..... interest on loan taken by him from any financial institution for the purpose of,- (a) pursuing his higher education; or (b) higher education of his relatives. (2) The deduction specified in sub-section (1) shall be allowed in respect of the initial financial year and seven financial years immediately succeeding the initial financial year or until the interest referred to in sub-section (1) is paid .....

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