12 February 2011
Hi! Can u tell me that if person has two children's and he is getting children education allowance then can he is entitle to avail the exemption allowed in IT Act i.e., @ Rs. 100/- per child inspite he is not spending any money on his childrens education.
12 February 2011
Unless you pay tuition fee,you cannot claim exemption u/s 10(14) of the Income tax Act,1961. Therefore, u are not entitled to the claim sought for in the query.
CAclubindia
