Exemption of education allowance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2017 I have spent Rs.2,20,000/- for my one children to avail admission for study at Media & Advertising to a reputed Educational Institution in the F.Y.2015-16. Her age is 18+.. Should I get the exemption of the expenses under IT Act ? Waiting for valued suggestion regarding the matter.

Labhansh Financial

Labhansh Financial (Expert)
Follow

08 March 2017 No exemption except for deduction under these two sections.

Sec 80C - Deduction on tuition fees only and not any other charges.
Sec 80E - Deduction on interest for higher education loan