Sarvesh Kumar Singh (Student CA Final (Articled Asst.)) (170 Points)
15 September 2009Payment to ICAI for PCC Registration & Tution fee is allowed u/s 80 c or not ?
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 15 September 2009
Gud question but you cant sorry.................
Shreyash Sadashiv Pai
(Bcom, CA)
(188 Points)
Replied 15 September 2009
As per Income Tax Act 1961.... Rs. 100 is exempt per month per child provided such amount is spent in full time education of the child through college or school. Since CA course is a correspondence course, CA course fee is not exempt!!
Regards
Shreyas
CA Anurag Garg
(Chartered Accountant)
(339 Points)
Replied 15 September 2009
originally posted by shreyash
"
As per Income Tax Act 1961.... Rs. 100 is exempt per month per child provided such amount is spent in full time education of the child through college or school. Since CA course is a correspondence course, CA course fee is not exempt!!"
Regards
Shreyas
sir you are discussing education allowance under section 10 while question is for section 80 C and there is no limit for tuition fee deduction u/s 80 C from A.Y. 08-09 but course should be regular not CA
aap aisa mat karo sir aisa karne ke liye to ICAI hi kafi hai
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 16 September 2009
yes, mr.shreyah and mr.Anurag Garg are correct
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 16 September 2009
not allowed
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 16 September 2009
not allowed..........
pavan
(articled clerk)
(38 Points)
Replied 16 September 2009
the payment of tuition fee up to Rs 1 lakh can be claimed as deduction u/s 80C of the I T Act. But the payment of tuition fee for full time course must be for any two children of individual.
It follows therefore one can not claim deduction for payment of tuition fee either for himself/herself of for their spouse
CAclubindia
