amount of deduction u/s 80c

Save Share

This query is : Open

Shobhit Gupta (Querist)
Follow

24 March 2009 u/s 80c, only tuition fees paid for full time education is allowed as deduction. But if there is no distinction b/w tuition fees & development fees is made on the fee receipt, then how much amount I can claim as deduction?

Satish

Satish (Expert)
Follow

25 March 2009 below are the admissable and non admissable for deduction U/s 80C

head of the charges Eligible for tax benefit
i) Annual charges (once in a year) Y
ii) Uniform fee N
iii) Activity charges (Annual/Half yearly/Quarterly) Y
iv) Computer fee Y
ix) Science fee Y
v) Games fee (Eg. Tennis, cricket etc. charged Quarterly) Y
vi) Transport fee (School Bus/Van) N
vii) Books and note book N
viii) Admission fee Y
x) Arrears If relate to Tution Fees Y
xi) Late fee If relate to Tution Fees. Y

Taranjit Singh

Taranjit Singh (Expert)
Follow

26 March 2009 It can be confirmed from the Institute from where you have got the fee receipt.But practically people mostly claim the full amount if it is not much higher, where there is no bifurcation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now