Deduction u/s 80C

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Can deduction be claimed under Section 80C for the payment of examination fees to the ICAI?? Also will the payment to any university as fees for a undergraduate course be allowed as deduction, given the fact that the course is a correspondance course? Please provide your valuable views. Thank You
Replies (11)

Only the Fees paid as Tution Fees are considered u/s 80C for deduction.

 

Regards,

Devendra

 

Assess can not claim deduction for payment of fees to icai for itself….u/s 80C.. but for two childrens Rs.100/- per child is exempt..

Dear Neeraj

Nice question yaar

In my Opinion Watever fees paid as tution fees we can claim deduction  provided it is full time education

so that ur 2 queries i.e. CA fee and Correspo. Fee May not fall under deduction wall

okay i think rs.100/- per child upto 2 maximum  it is only  an exempt allowance i.e. if employer gives us  children education allowance then it will attract otherwise it maynot ....

just it is my view only

NIce answer by Ramesh......

Dear,

 

Ramesh is correct in his views

Rs.100/- per child upto 2 maximum is only  an exemption in allowance i.e. only if any such allowance as  children education allowance is being received and it is in no case can be taken as allowable expenditure out of your total income.

Simply speaking

no in both the cases because firstly it is available only for full time courses and dat 2 for only tution fees paid and not in any other cases

 


regards,

 

Rahul

DEAR FRNDS ..

IN CA ALSO IPCC FEE STRUCTURE CONTAINS 3000/4000 AS TUTION FEES...BUT IT IS NOT FULL TIME EDUCATION SO THAT IT NOT COME UNDER 80C WALL

tuituion fee under section 80c covers "tuition fee paid to to any university, college, school or other educational institution situated within India and  for the purpose of full-time education of any of the persons specified in sub-section (4);"

for the above person means "in the case of an individual, any two children of such individual"

So tuition paid for "self" will not qualify for deduction

 

 

Dear Neeraj,

Tution fee paid is deductible... no other fee like admission fee or bus fee etc.. are deductible...

i think tution fee paid to ICAI is not deductible because in the letter from accounts section after paying the stipulated fee.. in the break up, even though it is will be specifically mentioned as  tution fee u cannot claim as the section says " Payment made as tution fees to any university, college, school or educational institution situtated in india for the purpose of full time education in respect of any two children of the assessee is deductible

But the CA course is not full time course .. it is distance learning... hence not deductible...

"suggestions and clarifications are invited..."

no icai fees not a full time ..so u can get exemption on university fees

It is not allowable as it is not a full time course........


CCI Pro

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