Section 80c urgent

1539 views 22 replies

Dear Friends

Dictionary meaning of academic fees : A fixed sum charged, as by an institution or by law, for a privilege: a license fee; tuition fees.

Therefore what is written on the fees slip does not matter. Just see why they have charged the fees. If it is charged for teaching then deduction is allowed.

Thanks 

kaushal

https://taxbykk.blogspot.com/

only fees for tution will be qualifies as deduction

Dear Mr.Sharma,

Sec.80C 17, states - i) Payment of tuition fees by an individual assessee at the time of admission or thereafter to any university, college,school within India for the purpose of full time education of any two children of the individual. ii) This benefit is only for the amount of tuition fees and shall not include any payment towards development fees or donation or payment of similar nature and payment made for education to any institution situated outside India.

From the above, it is clear that the term tuition fees need not be considered in the exact sense but with a wider scope thereby attributing other terminologies having similar sense and should include academic fees.  What is not permissible is to be understood by its character ie; development fees, donation or payment of similar nature.  This is my view.

Originally posted by : R SUBRAMANIAN

Dear Mr.Sharma,

Sec.80C 17, states - i) Payment of tuition fees by an individual assessee at the time of admission or thereafter to any university, college,school within India for the purpose of full time education of any two children of the individual. ii) This benefit is only for the amount of tuition fees and shall not include any payment towards development fees or donation or payment of similar nature and payment made for education to any institution situated outside India.

From the above, it is clear that the term tuition fees need not be considered in the exact sense but with a wider scope thereby attributing other terminologies having similar sense and should include academic fees.  What is not permissible is to be understood by its character ie; development fees, donation or payment of similar nature.  This is my view.

without going in depth, the query poster has not clarified after the replies, usually academic fees is consolidated fees charged by annexed coaching centres which is not a full time education, thats what i tried to point out.

 B.BHUPENDRA & CO.......................

KAYKA  ARTICLE CLEARK................HUD....
 

Academic Fees can be claimed as deduction if it is only for education purpose, not for Any facility.. E.g. If Fees paid for earlier admission, then it not qualify for deduction....

only tution fees are allowed ....

You shuld consult with your client to ensure that what Amt. they are charging for education of child

i.e. bifurcating that exp.

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