Section 80E of the Income-tax Act, 1961- Deduction – In respect of interest on loan taken for higher education – Financial institution notified for purpose of section 80E(3)(b)
Notification No. 79/2010[F.No.178/49/2008-ITA-I], dated 13-10-2010
In exercise of the powers conferred by clause (b) of sub-section (3) of section 80E of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “Credila Financial Services Private Limited”, BO301, Citi Point, Andheri- Kurla Road, Andheri (East), Mumbai – 400059 as a “Financial Institution” for the purpose of Section 80E of the said Act.
Can a person take a benefit of this deduction if he has taken a loan from a financial institution outside India, for the purpose of his higher education?