Applicability of Sec. 80E for the prescribed studies in a foreign country

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..... Applicability of Sec. 80E for the prescribed studies in a foreign country
Query (Issue) Started By: - B Tayub Dated:- 17-8-2009 Last Reply Date:- 20-8-2009 Income Tax
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Income Ta .....

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Whether the benefits of Sec. 80E are available for the prescribed studies in a foreign country? Reply By chethan kumar: The Reply: Section 80E: In computing the total income of an assessee, bein .....

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..... g an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount paid by him in the previous year, out of his income chargeable to tax, by way of .....

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..... interest on loan taken by him from any financial institution or any approved charitable institution for the purpose of pursuing his higher education [or for the purpose of higher education of his rela .....

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..... tive]. "higher education" means full-time studies for any graduate or post-graduate course in engineering, medicine, management or for post-graduate course in applied sciences or pure sciences includ .....

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..... ing mathematics and statistics; Reply By Ravi Chopra: The Reply: Yes, the purpose of granting exemption under section 80E is to enable an individual to get prescribed higher eduction.
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..... Forum - Knowledge Sharing .....

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