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Can avail deduction U/s 80E if Payment paid for himself..?

Arun Mazumdar (Executive-Accounts&Finance) (58 Points)

19 February 2010

Can we avail deduction U/s 80E (tution fee) If payment made for myself......and not for children, payment made to approved University In India. .Tution fee paid for MBA course through distance larning course?

Kindly reply......!!

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23 Replies

Amir (Learner) (4016 Points)
Replied 19 February 2010

Dear Aurn,

U have again mixed two deductions -

80 C -Tution fee- can only be claimed for children (maximum of 2) - not available for self

80 E - Interest on loan for higjer studies is allowed even if loan is taken for self.

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Arun Mazumdar (Executive-Accounts&Finance) (58 Points)
Replied 19 February 2010

Ooooooopsss you are rite Amir....Actully my question under 80C...... can my father claim if the said case is same.

Ameet (L) (1678 Points)
Replied 19 February 2010

U/s. 80C - Tution Fees for u'r self can bot be claim.

U/s. 80E - Interest on loan take for higher studies Self

Ameet (L) (1678 Points)
Replied 19 February 2010

Yes, u'r father can claim.

Arun Mazumdar (Executive-Accounts&Finance) (58 Points)
Replied 19 February 2010

Mr.Ameet ,You want say that tution fee which is paid by me...for distance larning MBA course, can claimed by my father.

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CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 19 February 2010

Arun, no ur father cannot claim it, as its paid by u and not by ur father..... The simplest logic.

Arun Mazumdar (Executive-Accounts&Finance) (58 Points)
Replied 19 February 2010

So its mean there is no possibility of exemption....!!

is it irrelavent that ........course is through Distance larning.?

GURU PRANESH (FCA(FUTURE CA)) (459 Points)
Replied 19 February 2010

Section 80E provides for a deduction in respect of interest paid on loan taken for higher education.

Its nothing related to tuition fees.

C.Balaji (Learner) (1867 Points)
Replied 19 February 2010

Dear Aurn.....

80 C -Tution fee - paid for children (maximum of 2) - not available for self.

C.Balaji (Learner) (1867 Points)
Replied 19 February 2010

Dear Amir brother...

i have a query regarding 80E deduction....

i saw in one book that ...

The loan was taken by the taxpayer for the purpose of pursuing his own higher education (or from the A.Y. 08-09, for the purpose of higher education of his relatives i.e. spouse/ any child).

please clarify...

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llllVICTORllll (Internal Auditor) (511 Points)
Replied 19 February 2010

Distance education there is nothing called tution fee(i think) so there is no way you can take 80C deduction. If the Fee reciept mentions about tution fee then, next question is, "IS IT PAID BY CASH" if it is paid by cash or DD taken using cash(not bank account or cheque) then you can always take a stand that its your father's cash. IF it is paid by you through cheque or bank transfer then sorry there is no way you can take 80C benefit by my view. and 80E is for the interest paid on Loan taken for higher studies from recognised financial institutes. so you cannot say that you have taken loan from your father and interest is paid to him... so 80E totally ruled out

Amir (Learner) (4016 Points)
Replied 19 February 2010

Dear Balaji,

It was there becos it is allowed, culdn't get ur query actually?/

80 E is available for higher studies of the assessee or his relative -

relative”, in relation to an individual, means the spouse and children of that individual or the student for whom the individual is the legal guardian.