EDUCATION FEES PAID REG

MEENA VIVEK (250 Points)

23 May 2023  
As per amended Clause (ii) in explanations 4 to sub section 11 of the income tax act w.e.f 01-04-2024 relating to A Y 2025-2026 can a charitable trust give a cheque in the name of the college or school towards tution fees /school fees for a poor student for his education?.If 15% of such fees given is taxable in the hands of donor trust can it give/credit the amount in the student's bank account to avoid tax?.It will be a immense help to us if you give us a clear guidence.