80-c [Resolved] | Income Tax #1546684

This query is : Resolved

Student (Querist)

14 December 2013 Sir,
Recently CBDT has issued a circular regarding acceptance of tuition fees as deduction u/s 80-C. Please can anyone elaborate this circular that which type of fees can be included e.g. maintenance fee, term fee, extra curricular activities fee etc .

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

14 December 2013 Dear Student,

Read the following text carefully-

It is clarified that the amount allowable as tuition fees shall include any payment of fee to any university, college, school or other educational institution in India

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except the amount representing payment in the nature of development fees or donation or capitation fees or payment of similar nature.
.
Coclusion-
Any payment which is not in the nature of development fees or donation or capitation fees or similar, is treated as tuition fee.
So, you may deduct fee other than tuition fee also.
.

Message likes : 1 times

Student

Student (Querist)

14 December 2013 Bafnasir, if you can define these 3 fees in breif....
thanks

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

14 December 2013 Defining 3 Fees without a fee is possible at only CAClub.
.
Maintenance Fees can not be said to be a development fees like item. It is charged for the maintenance of school building or furniture or apparatus or otherwise.

Term Fee : A periodical Fee. You can say it as the MAIN FEE and can keep at par with the term tuition fee.
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Extra Curricular Fee: Charged for the activities like games, sports, cultural programmes etc.
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Any of them or all can be claimed as deduction U/s 80C.
.

Student

Student (Querist)

15 December 2013 Thanks bafnasir....Jai jinendra

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