Regarding 80 c
This query is : Resolved
04 August 2014
my insc premium is rs 28 k and i pay rs 74k as annual school fee of my child can i claim same u/s 80 c in ITR 4 for AY 2014-15
CA UMESH DULAL
(Expert)
04 August 2014
If you have actually paid LIC premium and Tuition fee in FY 2013-14, then you can claim.
In case of School Fee, only tuition fee is allowed, development/transport fee are not allowed.
In case of School Fee, only tuition fee is allowed, development/transport fee are not allowed.
04 August 2014
Yes you can claim in ITR4 but maximum limit of Deduction u/s 80C for Financial Year 2013-14 i.e., Assessment Year 2014-15 is Rs 1 Lac.
Sandeep Dharar
(Expert)
04 August 2014
Yes u can claim both u/s 80C, upto Rs 1L for the respective AY.
Rupesh Jain
(Expert)
07 August 2014
you can claim for F Y 2013-14 Rs. one lacs u/s 80C. but you cannot claim premium upto 10% of the sum assured. and tution fee u./s 80C
07 August 2014
Agreed with above replies.........................
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