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sec 80 C

CA Hemant T Dewani (Chartered Accountant) (3356 Points)

02 January 2008

I am studing in night college and paying college fees RS.15000/-during the year.

i want to claim college fees to my owned incoe u/c 80c of the income tax act

whether it is availed me or not

pl.clerify as early

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5 Replies

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 02 January 2008

Hi Hemant Acc. to Sec.80 C (XVII) tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter,— (a) to any university, college, school or other educational institution situated within India; (b) for the purpose of full-time education of any two children of such individual. Hemant Income tax does notmake any bifurcation in the night college and day college Therefore you can availed Deduction U/S 80C.

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CA BHAVIN (CA) (48 Points)
Replied 03 January 2008

amit daga tell right answer

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 03 January 2008

Dawani sahab if you interperate the provision it says that

tuition fees whether at the time of admission or thereafter to any university, college, school or other educational institution situated within India
sirjee dont read read sub prov (a) and (b) together both are different
sub prov (a) said for own
sub prov (b) said for children

Therefor sirjee if you will be read both the sentences seperately your doubt will be clear.
If you paid for your own education you can take a exemption u/s 80c

Thanks & Regards
Amit Daga

pathan (student) (94 Points)
Replied 31 January 2008

u r ca and you dont know? or just joking

parthasarathy (Practising, C.A) (188 Points)
Replied 01 February 2008

Hi, U/s 80 C (xvii)- tuition fees paid to university, college, school or educational institution located in india for for full time education (other than development fees, donation etc,) - of any the persons specified in subsection(4)---------------------------i.e--------------in case of individual, - any two children of such individual. hence...you cannot claim deduction U/s 80C - please refer to Taxman Income tax Act - page Nos.1.373 and 1.376.