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.
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.
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
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
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
