I am running a proprioter ship firm and paying Rs 8050/-p.m as tuition fee of my grandsons from my current a/c , now please tell me can i take benefit of this amount , can i show it in expenses of books.
14 August 2013
These are personal expenditure so can not be shown in books. Deduction u/s 80C is available only for tution fees paid for children. So you can not avail the deduction u/s 80C since since its paid for grandsons.