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School fees deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 Mr X has two companies. One is properitor
firm and sencond is private ltd company.


I want to know following things.


1. Is school fees is allowed as a deduction from GTI in his own return.
2. What if the school fees has been paid by his pvt. ltd. company's bank?
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
16 March 2010 Mr.X can claim deduction under Section 80C for tution fees paid to school for maximum of two child and the maximum amount can be 1 lakh i,e the limit under Section 80C. He should paid the primium from his own Bank Account, if he is the proprietor then paying from propritorship firm is ok.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
16 March 2010 as per my opinion : IF he make payment through his pvt. ltd. co's cheque is also allowed for ded'n if receipt is in the name of mr. X, and co. debit a/c of X.
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