Hello,
can please guide me whether i should take tution classes fees in Child Eduction U/s 80c with the school fees & per child it is 12000/- upto 2 kids
Thanks
Pooja
Hitesh Kothari
(Chartered Accountant M.No. - 134239)
(326 Points)
Replied 27 March 2010
Dear Pooja,
It is Availbale for deduction upto 1 Lakh and for 2 Children of Individual as per 80 C.
But it should be paid to college, School and any Institution in India and it should not be towards development or Donation.
Thanks & Regards
Hitesh
P. Raja
(Manager Finance & Accounts)
(198 Points)
Replied 27 March 2010
Private tuition fee to be excluded
Regards
P. Raja
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 27 March 2010
Only Tuition Fees paid to school, Colleges & University for whole time courses shall be qualify for deduction u/s 80 C.
private coaching classes are excluded from that.
regards,
ratan
Ashish Sharma
(Service)
(1028 Points)
Replied 27 March 2010
Section 80C(Xvii) says tuition fees(excluding any payment towards any development fees or donation or payment similar in nature where at the time of admission or thereafter) will allowed.
in my view annual fees should be consider for 80C
ABHINAV SURELIA
( CA & CS)
(92 Points)
Replied 27 March 2010
Yes, pooja u can take deduction u/s 80C for school fees paid as Tution fees, upto maximum of 2 kids and maximum of Rs. 100,000.
As per the section any some apid as tutionn fees ( not including any payment towards development fes/donation/payment of any similar nature) whether at the time of admission or otherwise to any university/college/education institution in india for a full time education of any two child of the individual.
Ashish Sharma
(Service)
(1028 Points)
Replied 27 March 2010
Shruti
(CA Final)
(64 Points)
Replied 27 March 2010
Pooja,
Tution fees are allowed as deduction. Fees paid to tution classes are not allowed....
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71484 Points)
Replied 27 March 2010
Tution fees for the Schools,Collges are allowed.private not allowed
CA Shiv
(Business Controller)
(2987 Points)
Replied 27 March 2010
Agreee amd yes tution fees means paid to universities, colleges, schoools...
Not the Pvt classes feees which we normallly tell as tution classs feessss.
CA Parag Shukla
(Practicing Chartered Accountant)
(153 Points)
Replied 27 March 2010
Tution fees paid to educational institutes in india providing full time education is deductible u/s 80C subject to d ceiling of Rs.1lac
Sanjay Singh Rana
(CA)
(208 Points)
Replied 27 March 2010
yes you can take deduction but max upto 1lac
USHIR SHAH
(student)
(22 Points)
Replied 28 March 2010
hi, could ne1 also help
in whether the assesse himself claim deduction u/s 80C for his OWN education in a recognised College / Institution??
Ashish Sharma
(Service)
(1028 Points)
Replied 28 March 2010
NO, assessee can not claim own tuition fees u/s 80C
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