CA Mukul Mittal (CA in practice) (384 Points)
03 October 2011can anybody tell me whether the indl. is allowed to claim the deduction of the Tution fees paid by him/ herself for higher studies............
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 03 October 2011
Hi, I dont think so the deduction will be allowed .
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 03 October 2011
deduction of "tution fees" is available for "children of assesee" only u/s 80C, not available for self education
ARUN KUMAR
(Financial Consultant )
(992 Points)
Replied 03 October 2011
| Originally posted by : U S Sharma | ||
 |
deduction of "tution fees" is available for "children of assesee" only u/s 80C, not available for self education |
 |
AGREE .......................................................
CS Bijoy
(Expert)
(6394 Points)
Replied 03 October 2011
Yes available for children 200 p.m per children maximum for 2 children.
Rakesh
(Executive- Commercial & CMA final student)
(179 Points)
Replied 03 October 2011
Not allowed..However u can apply for loan & claim interest as deduction...Please note course should be full time...
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 03 October 2011
i have gone through sec 80C and found it allowed............
praveen
(Chartered Accountant)
(6971 Points)
Replied 03 October 2011
If the person is employed he can take that part of the amount from his salary as academic allowance which is completely exempt from taxation.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 03 October 2011
agree with u s sharma ji................
Rajan Bhardwaj
(Proprietor)
(24 Points)
Replied 04 October 2011
I Agree with U S Sharma Jee,
Rajan Bhardwaj
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
