HI, KYA KOI MUJHE BTA SAKTA HAI KI YADI FEES RECEIPT ME "TUTION FEES" KI JAGAH "ACADEMIC FEES" LIKHA HAI TO KYA USE SECTION 80C K UNDER CONSIDER NAI KIYA JAYEGA...
REPLY SOON PLZ ITS URGENT
Mohit Sharma (CA-Final CS-Professional) (89 Points)
25 August 2011HI, KYA KOI MUJHE BTA SAKTA HAI KI YADI FEES RECEIPT ME "TUTION FEES" KI JAGAH "ACADEMIC FEES" LIKHA HAI TO KYA USE SECTION 80C K UNDER CONSIDER NAI KIYA JAYEGA...
REPLY SOON PLZ ITS URGENT
Nirav
(Accountant)
(595 Points)
Replied 25 August 2011
Tuition fees includes only education fees of child. While Academic fees includes more than just education. I mean it also includes those fees which do not qualify for deduction u/s 80C. such as stationery available from school, books, games, etc.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 25 August 2011
According to me, Yes It Can be taken under the head 80C.
You can take deduction....
CA.B.Sivakumar
(-)
(162 Points)
Replied 25 August 2011
No, Academic fees does not qualify for deduction under section 80C.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 25 August 2011
No its not allowed as a deduction under sec 80C.
Richa Rai
(C.A. Final)
(66 Points)
Replied 26 August 2011
no...only tution fees is allowed asdeduction
sudarshan v k
(Chartered Accountant )
(25 Points)
Replied 26 August 2011
sudarshan v k
(Chartered Accountant )
(25 Points)
Replied 26 August 2011
not qualify for to take deduction U/s 80C other than tution fees.
CHIRAG DEEPAK GANATRA
(CA FINAL)
(1054 Points)
Replied 26 August 2011
not qualify for to take deduction U/s 80C other than tution fees.
not qualify for to take deduction U/s 80C other than tution fees.
ISUB KHAN
(Assistant Accountant)
(240 Points)
Replied 26 August 2011
No, Academic fees does not qualify for deduction under section 80C of income tax act 1961.
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 26 August 2011
Only Tution Fees you can claim u/s 80c
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 August 2011
academic fees is usually paid for "other than full time education" which is not allowed deduction under 80C
S.VENUGOPALAKRISHNAN
(General Manager Finance)
(25 Points)
Replied 26 August 2011
Tution fees only allowed as deduction