25 March 2010
One of my client claimed Tuition Fee of Children u/s 80-C at Rs.100000 in his HUF Firm. I inferred from studying section 80-C , Proviso 4 that It is available to the Individual only. Please clarify whether I am right or not ?.
25 March 2010
Tuition fee is mentioned in section 80C(2) (xvii). At the same time 80C(1) says the provisions of 80C(2) is applicable to individual or HUF. On a combined reading of the referred sections, tuition fee paid, subject to the satisfaction of condition as in 80C(4)(c), can be claimed as deduction by HUF.