Deduction for educational expenses

This query is : Resolved

Dr.Ramesh R.Patel (Querist)
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27 March 2009 Sir,
I am a Surgeon, Me and my wife both are incometax payers. My daughter is in MBBS. Her annual fees is Rs.3.25 Lac. Under 80C there is rebate of Rs.1 lac for investment or educational expences. My quetion is can both the parents share the feees paid and cliam rebate of Rs.1 lac each for both ?
Please kindly answer urgently as fees are to be paid by 31st of March.
Thanking You
Dr.Ramesh Patel

Taranjit Singh

Taranjit Singh (Expert)
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27 March 2009 Under section 80C, sum allowed as deduction
is TUTION FEES excluding any payment towards development fees or donation or payment of similar nature. So first you have to check that how much amount is paid as tution fees.
Second point is that it will be allowed to an individual who has paid this fees.

CA J M Pattanayak

CA J M Pattanayak (Expert)
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27 March 2009 To add on - And the maximum amount claim is restricted to 100,000 either jointly or individually

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