:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

EDUCATION LOAN TAX SOPS EXTENDED TO ALL STREAMS

The government has extended tax concession on interest paid for educational loan to all streams of studies, including vocational courses, benefiting students from all economic strata opting for higher studies, from this academic session onwards.


The concession was till now restricted for graduate and post-graduate courses in engineering, medicine, management and post-graduate courses in applied sciences or pure sciences, including mathematics and statistics. The latest amendment in section 80E of the I-T Act will bring all the streams of education (apart from regular ones) and vocational courses under its ambit.

This will benefit the students who apply for graduate and postgraduate courses in various streams during the upcoming academic session. The I-T concession on such a loan will also be extended to parents who have legally adopted a child.



Posted by C.B.O.A., A.P.

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