ABOUT SECTION 80C PLZ HELP ME
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2010
I HAVE ONE DOUBT IN SECTION 80C DEDUCTION
WHEN A SALARIED PERSON GETS REIMBURSEMENT OF TUTION FEE FROM EMPLOYER
THEN
IS EMPLOYEE GETS DEDUCTION UNDER SECTION 80C OR NOT
WHEN A SALARIED PERSON GETS REIMBURSEMENT OF TUTION FEE FROM EMPLOYER
THEN
IS EMPLOYEE GETS DEDUCTION UNDER SECTION 80C OR NOT
Reetika Goel
(Expert)
16 January 2010
Yes,
Reimbursement received from employer will be considered as Monetary Perquisite u/s 17 and will be included in income as part of salary.
While filing return the assessee can claim deduction of Tuition fee u/s 80C because he has already shown reimbursement as his income and deduction can be claimed as application of income for allowable deductions..
Reimbursement received from employer will be considered as Monetary Perquisite u/s 17 and will be included in income as part of salary.
While filing return the assessee can claim deduction of Tuition fee u/s 80C because he has already shown reimbursement as his income and deduction can be claimed as application of income for allowable deductions..
CMA Ramesh Krishnan
(Expert)
16 January 2010
Yes, you can claim u/s.80C
CA Ravi Sisodia
(Expert)
16 January 2010
Agree, you can claim tuition fees u/s 80C.
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