deduction under 80C for tution fees
This query is : Resolved
29 January 2010
Dear experts,
One of our employee is geeting free Education for his two children who are studing in employer's school.fees of normal student is 72000/- so the the perq. value is 72000-24000(exempt)=48000/-now the question is the employee can claim tution fees deduction U/s 80C on 48000/- which is now taxable in the hand of employee.
the next question is the employer will give the certificate of tution fees
Thanks in advance
One of our employee is geeting free Education for his two children who are studing in employer's school.fees of normal student is 72000/- so the the perq. value is 72000-24000(exempt)=48000/-now the question is the employee can claim tution fees deduction U/s 80C on 48000/- which is now taxable in the hand of employee.
the next question is the employer will give the certificate of tution fees
Thanks in advance
30 January 2010
hes not paying anything towards tution fees so he can not claim deduction u/s 80C
30 January 2010
agree to expert that if employee is not paying tution fees of his/her two children, no claim u/s 80C available from employee.
30 January 2010
Dear Experts,
My point is that the employee is paying tax on Rs.48000/- utilised in paying tution fees of his children, which is normal fees in employer school.the tution fees is normal rate for every student. if the amount of perq. is add in the income of employee why the expenditure (student fees) is not consider paid by him?
pls. give your facts
My point is that the employee is paying tax on Rs.48000/- utilised in paying tution fees of his children, which is normal fees in employer school.the tution fees is normal rate for every student. if the amount of perq. is add in the income of employee why the expenditure (student fees) is not consider paid by him?
pls. give your facts
30 January 2010
Dear Experts,
My point is that the employee is paying tax on Rs.48000/- utilised in paying tution fees of his children, which is normal fees in employer school.the tution fees is normal rate for every student. if the amount of perq. is add in the income of employee why the expenditure (student fees) is not consider paid by him?
pls. give your facts
My point is that the employee is paying tax on Rs.48000/- utilised in paying tution fees of his children, which is normal fees in employer school.the tution fees is normal rate for every student. if the amount of perq. is add in the income of employee why the expenditure (student fees) is not consider paid by him?
pls. give your facts
30 January 2010
This deduction avail on payment basis
Message likes :
1 times
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 this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
