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
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.
04 August 2014
Yes u can claim both u/s 80C, upto Rs 1L for the respective AY.
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.........................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment for sale in March and Sale deed registration to be done in April
- Two pancard
- Transfer of MF
- E bike purchase can get input in GST
- SSY for 2 daughters
- Eligibility for filling NEW Form 121 from April 2026
- Lifting and cross charges
- REGARDING ITR OF TRUST
- Pending Income Tax Refund
- Capital Gain Amount
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
