80c deductions

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This query is : Resolved

sumit (Querist)

05 February 2010 tuition fees 2500
academic fees 21500
university's other dues 8000
university's alumni
assosiation fund 1000
security deposit 5000

total fee payable 38000

now by this classification ,can you tell me about 80c deduction about academic fee.

BALASUBRAMANYA B N

BALASUBRAMANYA B N (Expert)

05 February 2010 1.Deduction for tuition fees is available up to Rs.100000 /-

2. The deduction is available to individual assesses and not for HUF.

3. The deduction is available for any two children.

4. This the only clause u/s 80 C where assesses can not claim tax benefit for expenditure done on himself. Means if assesses has paid tuition fees for his studies, he will not be eligible.

5. Deduction is not available for tuition fees paid for studies of spouse.

6. The deduction is available for Full Time course only, so no deduction for part time or distance learning courses.

7. The fees should be paid to university, college, school or other educational institution, so no rebate for pvt tuition..

8. Tuition fees paid for coaching courses for admission in professional courses or any other type of courses or not covered as that fees is not paid for Full time education.

9. The center mention above in point 8 must be situate in India, so location should be in India though it can be affiliated to any foreign institutes.

10. in this section tuition fees has wide meaning than normal parlance, means here tuition fees means total fees paid minus ny payment towards any development fees or donation or payment of similar nature. So admission fees is also allowed.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

05 February 2010 agree to experts all the comments.

CA Prashant Gupta

CA Prashant Gupta (Expert)

05 February 2010 I totally disagree
u/s 80C only tuition fee is deductiable so in this only 2500/- will be eligible for deduction. No other fee will be eligible for deduction.