Deduction for educational expenses
This query is : Resolved
27 March 2009
Sir,
I am a Surgeon, Me and my wife both are incometax payers. My daughter is in MBBS. Her annual fees is Rs.3.25 Lac. Under 80C there is rebate of Rs.1 lac for investment or educational expences. My quetion is can both the parents share the feees paid and cliam rebate of Rs.1 lac each for both ?
Please kindly answer urgently as fees are to be paid by 31st of March.
Thanking You
Dr.Ramesh Patel
I am a Surgeon, Me and my wife both are incometax payers. My daughter is in MBBS. Her annual fees is Rs.3.25 Lac. Under 80C there is rebate of Rs.1 lac for investment or educational expences. My quetion is can both the parents share the feees paid and cliam rebate of Rs.1 lac each for both ?
Please kindly answer urgently as fees are to be paid by 31st of March.
Thanking You
Dr.Ramesh Patel
27 March 2009
Under section 80C, sum allowed as deduction
is TUTION FEES excluding any payment towards development fees or donation or payment of similar nature. So first you have to check that how much amount is paid as tution fees.
Second point is that it will be allowed to an individual who has paid this fees.
is TUTION FEES excluding any payment towards development fees or donation or payment of similar nature. So first you have to check that how much amount is paid as tution fees.
Second point is that it will be allowed to an individual who has paid this fees.
27 March 2009
To add on - And the maximum amount claim is restricted to 100,000 either jointly or individually
27 March 2009
Sir,
It is tution fees only. no donation/development fees. I paid Rs.1.5 lac and my wife paid remaining Rs.1.75 Lac. both from different accounts and have separate recipts for the same amount paid. we both file our returns separatly. can each of us claim Rs.1 lac as deduction ?
It is tution fees only. no donation/development fees. I paid Rs.1.5 lac and my wife paid remaining Rs.1.75 Lac. both from different accounts and have separate recipts for the same amount paid. we both file our returns separatly. can each of us claim Rs.1 lac as deduction ?
27 March 2009
Visit this link please
https://www.caclubindia.com/forum/message_display.asp?group_id=28836
https://www.caclubindia.com/forum/message_display.asp?group_id=28836
27 March 2009
Have your query solved by visiting that page or still any doubt regarding any point??
27 March 2009
If You ahve two seperate receipts as said by you & if the are also for seperate terms & apid from seperate accounts as mentioned than go ahead claiming deduction in both Returns
Chandrakant Ambani
Bombay
9819408963
9821240674
Chandrakant Ambani
Bombay
9819408963
9821240674
28 March 2009
Yes , the link is very informative, Thanks a lot.
Ramesh
Ramesh
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