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very very urgent

manik (ca in practice) (420 Points)

10 July 2010

fees paid for higher education such as b.tech eligible for 80c deduction

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15 Replies

SIVASIVA (FCA, Future CA) (4935 Points)
Replied 10 July 2010

please elaborate your query,

fees means the coaching one or the donation. if it is coaching allowed otherwise not allowed.

Further, it should be for your children.

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Sachin Jain (Manager- Finance & Accounts) (42 Points)
Replied 10 July 2010

Hi Manik

Tution fees component (as specifically mentioned u/s 80C) is allowed as deduction from Gross Total Income for a FULL TIME course and that too for only two children of the assessee and it should not be towards any Development fees or Donation. Payment should be made to a college/Educational Institute/ University IN INDIA. Also maximum limit for investment of Rs 1 Lac to be adhered to.

regards.

Anil Kumar Meena (Assistant Manager) (475 Points)
Replied 10 July 2010

AGREE WITH SACHIN

YASH JAIN (ARTICLE) (554 Points)
Replied 10 July 2010

Yes

(Guest)

Originally posted by : Sachin Jain
	Hi Manik Tution fees component (as specifically mentioned u/s 80C) is allowed as deduction from Gross Total Income for a FULL TIME course and that too for only two children of the assessee and it should not be towards any Development fees or Donation. Payment should be made to a college/Educational Institute/ University IN INDIA. Also maximum limit for investment of Rs 1 Lac to be adhered to. regards.

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Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 10 July 2010

Tution is mentioned on the Receipt of the Institute

harish .k (STUDING) (306 Points)
Replied 10 July 2010

ya agree with the above friends ,

DR GAURAV GUPTA FCA, FCS, LL.B (COMPANY SECRETARY) (1046 Points)
Replied 10 July 2010

only tution fees paid will be allowed subject to limit prescribed in section 80c

CMA RV Padmakumar.A (Practicing CMA and Registered Valuer (S&FA) ) (1440 Points)
Replied 10 July 2010

Originally posted by : Sachin Jain
	Hi Manik Tution fees component (as specifically mentioned u/s 80C) is allowed as deduction from Gross Total Income for a FULL TIME course and that too for only two children of the assessee and it should not be towards any Development fees or Donation. Payment should be made to a college/Educational Institute/ University IN INDIA. Also maximum limit for investment of Rs 1 Lac to be adhered to. regards.

(Guest)

Originally posted by : Sachin Jain
	Hi Manik Tution fees component (as specifically mentioned u/s 80C) is allowed as deduction from Gross Total Income for a FULL TIME course and that too for only two children of the assessee and it should not be towards any Development fees or Donation. Payment should be made to a college/Educational Institute/ University IN INDIA. Also maximum limit for investment of Rs 1 Lac to be adhered to. regards.