children education expenses
This query is : Resolved
14 May 2011
Sir,
Pls advice me
children education exp claim a deduction on income tax act.1961. my children education expenses amt is Rs.72000
regards
Praveen
Pls advice me
children education exp claim a deduction on income tax act.1961. my children education expenses amt is Rs.72000
regards
Praveen
14 May 2011
Tuition fee paid for the children's education can be claimed as a deduction under section 80C of the Income tax Act,1961 subject to an overall limit of Rs.1,00,000/- along with the other investments/payments specified in the referred section.
14 May 2011
sir,
it is not a tuition fees it is children education exp.
regards
praveen
it is not a tuition fees it is children education exp.
regards
praveen
15 May 2011
IT IS ONLY TUITION FEES AS CERTIFIED BY THE EDUCATIONAL INSTITUTION THAT IS ALLOWABLE AS DEDUCTION UNDER SECTION 80C
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