Investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2012
My boss has spend Rs.200000/-towards his daughters college fees.From this can he part Rs.100000/- as education fees under section 80c while computing his wife as deduction as she is also a partner in his buisness.
Please reply back
Please reply back
Dintakurthi Tirumala
(Expert)
03 March 2012
The payment of fee to which account has been debited they only get the benefit of section 80C.i.e if the payment of fee amount debited to the wife's capital account or drawings account then she can claim deduction u/s80C.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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