Is Tuition fee paid to IPCC Course & +1 Course eligible for Deduction under Income Tax act.
If eligible how to claim the deduction. if the tax payer is in the 1,61,000 to 2,50,000 bracket
how much tuition fee is eligible.
.
MNarayanan (Book- Keeper) (169 Points)
03 April 2011Is Tuition fee paid to IPCC Course & +1 Course eligible for Deduction under Income Tax act.
If eligible how to claim the deduction. if the tax payer is in the 1,61,000 to 2,50,000 bracket
how much tuition fee is eligible.
.
Sandeep Pandey
(CA FINAL)
(1306 Points)
Replied 03 April 2011
It is not a deduction of Chapter IV i.e section 80 C..
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 06 April 2011
Narayanan,
We are not paying any tuition fees to ICAI. We are paying Registration Fees and charges for Books.
Any fees paid to private institution not recognised is not allowed for deduction.
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