Deduction of interest on loan taken for higher education.

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..... 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 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 by the person in full, whichever is earlier. .....

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