Deduction 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. 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. He plans to pay the College Fee out of his HUF’s Bank Account.
Rupesh Jain
(Expert)
30 July 2013
yes HUF can cliam of deduction for payment made for HUF member
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