Tuition fee exemption in income tax
This query is : Resolved
05 April 2018
Hi,
One of our Employee submitted his child's Tuition Fee Receipts to get the exemption for Income Tax
This payment was made on October 9, 2017 by cheque for the academic session of 2018-19 and School will be issued the Tuition Fee paid certificate for the F.Y. 2018-19
Please let me know this payment consider for Income Tax exemption for Financial Year 2017-18 or 2018-19?
Best Regards,
Raj
One of our Employee submitted his child's Tuition Fee Receipts to get the exemption for Income Tax
This payment was made on October 9, 2017 by cheque for the academic session of 2018-19 and School will be issued the Tuition Fee paid certificate for the F.Y. 2018-19
Please let me know this payment consider for Income Tax exemption for Financial Year 2017-18 or 2018-19?
Best Regards,
Raj
05 April 2018
Deduction for tution receipts available u/s 80C in the year of payment. Here,payment is made in 2017 hence, deduction allowed in F.Y.2017-18
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Copyright software
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
