U/S 80C ( HUF)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2011
HELLO :
q:- IS GRANDFATHER ELEGIBEL FOR GRANDSON TUTION FEES U/S 80 C
q:- IS GRANDFATHER ELEGIBEL FOR GRANDSON TUTION FEES U/S 80 C
25 March 2011
Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF.
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26 March 2011
This is deduction is meant for Individuals. If the grandfather is a legal guardian ( not the case of HUF) can still cliam Tuition fee as deduction.. But there require a legal guardian ship... in that case.
26 March 2011
Vivek Ji,
Deduction u/s 80C is available on tution fees paid paid on full time education for any two children and not Grandson, as mentioned by. So even If the grandfather is a legal guardian he can not claim deduction u/s 80C for tution fees paid on education oh his grandson.
Please correct me if i am wrong.
Deduction u/s 80C is available on tution fees paid paid on full time education for any two children and not Grandson, as mentioned by. So even If the grandfather is a legal guardian he can not claim deduction u/s 80C for tution fees paid on education oh his grandson.
Please correct me if i am wrong.
26 March 2011
Who is Eligible: Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF.
Check to following link
https://www.caclubindia.com/forum/deduction-80c-tution-fee-complete-analysis-136897.asp
Who is Eligible: Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF.
Check to following link
https://www.caclubindia.com/forum/deduction-80c-tution-fee-complete-analysis-136897.asp
26 March 2011
Viveks answer seems to be worng as the Act is clear. Deduction is allowable in case of an individual any two children OF THE INDIVIDUAL. So in any case grandfather cannot claim fees of grandson.
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