sec 80C
This query is : Resolved
22 March 2010
Dear one and all
iam income tax payee.For my wife i have paid tution fee Rs.10,000/- for studying MBA by distance mode with osmanial university,Hyderabad,andhra pradesh.Weekly twice classes are there.Can i avail this tution fee for tax exemption for this FY2009-10(i have not taken any eduction loan)please advise me
Thanq
venkat
iam income tax payee.For my wife i have paid tution fee Rs.10,000/- for studying MBA by distance mode with osmanial university,Hyderabad,andhra pradesh.Weekly twice classes are there.Can i avail this tution fee for tax exemption for this FY2009-10(i have not taken any eduction loan)please advise me
Thanq
venkat
22 March 2010
The deduction u/s 80C regarding tution fees is available only in case tution fees is paid for two children. The tution fees paid for spouse is not eligible for deduction u/s 80C
22 March 2010
agree
22 March 2010
The Deduction is available for any two children.
This the only clause u/s 80 C where assessee can not claim tax benefit for expenditure done on himself.Means if assessee has paid tuition fess for his studies ,he will not be eligible.
Deduction is not available for tuition fees paid for studies of spouse.
This the only clause u/s 80 C where assessee can not claim tax benefit for expenditure done on himself.Means if assessee has paid tuition fess for his studies ,he will not be eligible.
Deduction is not available for tuition fees paid for studies of spouse.
22 March 2010
Agreed...
23 March 2010
agreed
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- Tax liability on income of freelancer
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
