Dear Sir,
My brother incurred Rs. 1,65,000/- per year for higher education for his daughter.His LIC amount is Rs. 1,00,885/-. How much amount he should claim under section 80C for AY 16-17?
Regards,
Asim Jana
6 Replies
CA Anil Jain
(Chartered Accountant)
(105 Points)
Replied 29 March 2017
Only "tuition fees" portion of school fees is allowed to be deducted u/s 80C. You can check fees receipts.
The amount of LIC and tuition fees cant exceed 150000/-
manoj
(student)
(5205 Points)
Replied 30 March 2017
UPTO 150000 AND ONLY TUITION FEE PORTION IN RECEIPT YOU CAN CLAIM
asim jana
(accounts head)
(205 Points)
Replied 30 March 2017
Sir,
But there is no "tution Fees" head. The amount is paid as per semistar charges.
varsha naik
(Chartered Accountant)
(303 Points)
Replied 30 March 2017
-To claim deduction of tution fees, head has to be tution fees not semister charges
- U can claim Rs. 150000 LIC u/s 80C
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