Ddeduction under sec 80c in huf itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2013 Hi,
I have a small query.
Mr S is having a son. Mr S is already having full deduction of Sec 80C in his individual ITR (actual amount in excess of Rs 100000.00+ but restricted to Rs 100000.00 only). He pays College Fees of his son worth Rs. 100000.00. As his son is a member of his HUF, is it possible for Mr S to claim the benefit of College Fees in his HUF Return where his eligible investment is Rs 10000.00 only thereby not letting the benefit of Sec 80C deduction lapsed. He plans to pay the College Fee out of his HUF’s Bank Account.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 August 2013 Deduction on respect of tution fees is available only to an individual. It is NOT available to a HUF.

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2013 But sir, i am talking about deduction under Sec 80C. I think it is available for individuals and HUF.
Or should Mr S take the benefits of insurance premium in his HUF return and go for tuition fees (educational exp) deduction under his individuals return

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 October 2013 Each clause under Section 80C is applicable for different assessees as mentioned in the respective clause.

Deduction in respect of tution fees is available only to an individual.

HUF can claim deduction of insurance premium paid on the health of any of its members.

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