Income Tax :India: Deduction u/s. 80C?
Whether Childrens' Tuition payment includes the excise rewarded towards Computer duty, Annual charge, Admission allowance, Term charge. If so can we claim excise supposition on the above said below tution fess of children beneath fragment 80C
Answers:
Sec 80 C (2) Proviso (XVII) Income Act . states that
xvii) as tuition fees (excluding any recompense towards any nouns fees or donation or fee of similar nature), whether at the time of acknowledgment or thereafter,
(a) to any university, college, conservatory or other scholastic institution situated in India;
(b) for the purpose of full-time teaching of any of the folks specified contained by sub-section (4);
from the above it is clear that single tuition fees is allowed as conjecture. Computer payment, Annual Fee and Admission charge are not eligible for supposition.
for details please refer to a professional relief.
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Answers:
Sec 80 C (2) Proviso (XVII) Income Act . states that
xvii) as tuition fees (excluding any recompense towards any nouns fees or donation or fee of similar nature), whether at the time of acknowledgment or thereafter,
(a) to any university, college, conservatory or other scholastic institution situated in India;
(b) for the purpose of full-time teaching of any of the folks specified contained by sub-section (4);
from the above it is clear that single tuition fees is allowed as conjecture. Computer payment, Annual Fee and Admission charge are not eligible for supposition.
for details please refer to a professional relief.