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) ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.

Message likes : 1 times

CA Navin Jain

CA Navin Jain (Expert)
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23 March 2011 FULLY AGREE WITH SANJAY BHAI

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)
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24 March 2011 Hi,

Agreed with Experts

Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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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...

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