Perquisite for free education and 80 c deductions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 December 2013
Dear Experts,
Please confirm on the following:
As per the Sec 17(2) perquisite value of Free education is cost of such education in similar institution in case employer own the Education institutions.
My question is as under 80 C tuition fee paid comes as deduction can we consider above value under the 80c even though actual payment not done.
Please confirm on the following:
As per the Sec 17(2) perquisite value of Free education is cost of such education in similar institution in case employer own the Education institutions.
My question is as under 80 C tuition fee paid comes as deduction can we consider above value under the 80c even though actual payment not done.
16 December 2013
No it will be allowed on payment basis only in the year in which the fees is paid.
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