Ddeduction under sec 80c in huf itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2013
Hi,
I have a small query.
Mr S is having a son. Mr S is already having full deduction of Sec 80C in his individual ITR (actual amount in excess of Rs 100000.00+ but restricted to Rs 100000.00 only). He pays College Fees of his son worth Rs. 100000.00. As his son is a member of his HUF, is it possible for Mr S to claim the benefit of College Fees in his HUF Return where his eligible investment is Rs 10000.00 only thereby not letting the benefit of Sec 80C deduction lapsed. He plans to pay the College Fee out of his HUF’s Bank Account.
I have a small query.
Mr S is having a son. Mr S is already having full deduction of Sec 80C in his individual ITR (actual amount in excess of Rs 100000.00+ but restricted to Rs 100000.00 only). He pays College Fees of his son worth Rs. 100000.00. As his son is a member of his HUF, is it possible for Mr S to claim the benefit of College Fees in his HUF Return where his eligible investment is Rs 10000.00 only thereby not letting the benefit of Sec 80C deduction lapsed. He plans to pay the College Fee out of his HUF’s Bank Account.
09 August 2013
Deduction on respect of tution fees is available only to an individual. It is NOT available to a HUF.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2013
But sir, i am talking about deduction under Sec 80C. I think it is available for individuals and HUF.
Or should Mr S take the benefits of insurance premium in his HUF return and go for tuition fees (educational exp) deduction under his individuals return
Or should Mr S take the benefits of insurance premium in his HUF return and go for tuition fees (educational exp) deduction under his individuals return
11 October 2013
Each clause under Section 80C is applicable for different assessees as mentioned in the respective clause.
Deduction in respect of tution fees is available only to an individual.
HUF can claim deduction of insurance premium paid on the health of any of its members.
Deduction in respect of tution fees is available only to an individual.
HUF can claim deduction of insurance premium paid on the health of any of its members.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
