School fees deduction
This query is : Resolved
Querist : Anonymous
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?
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?
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.
Message likes :
2 times
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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
