Tuition Fees Deduction u/s 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2011
I had paid Rs. 12000 in Feb 2010 (last year) as School Tution Fees of my kid as advance for the period Apr-Jun 2010 (current year).
Can I claim the Deduction for Rs. 12000 this in current year PY 2010-11 (AY 2011-12) ?
In simple words,
If X has paid Tuition Fees of his kid in 2009-10 for next Year 2010-11,
Whether he can claim deduction for this in PY 2010-11 (AY 2011-12) ?
Can I claim the Deduction for Rs. 12000 this in current year PY 2010-11 (AY 2011-12) ?
In simple words,
If X has paid Tuition Fees of his kid in 2009-10 for next Year 2010-11,
Whether he can claim deduction for this in PY 2010-11 (AY 2011-12) ?
23 March 2011
No. Deduction u/s 80C can be claimed for tution fees in respect of the previous year in which payment was made.
i.e. Deduction under this section is available on payment basis. Fees may be related to any period.
i.e. Deduction under this section is available on payment basis. Fees may be related to any period.
Message likes :
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CA Navin Jain
(Expert)
23 March 2011
FULLY AGREE WITH SANJAY BHAI
CA. Lohith Jagadeesh
(Expert)
24 March 2011
Hi,
Agreed with Experts
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Agreed with Experts
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
CA.ViVeK M ACA
(Expert)
26 March 2011
Tution fee will be allowed as deduction during the year in which you are made the payment. There is an implication in tax that the Fee must be actualy paid.
In other word, this deduction is based on actual payment out of income chargeable to tax...
In other word, this deduction is based on actual payment out of income chargeable to tax...
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