02 March 2014
Dear Team, Requesting your advice on the following case
Admission fees of Rs.3500/- (The school mentions it as "Advance Collection" in the cash receipt)
Term fees Rs.7595/- for first term, Rs.2375/- each for second and third terms (Have not paid yet but is it okay if the school mentions it as Term Fees only)
Since the school does not mention the nature of fees as Tuition or not, can i claim the following as deductions this year Rs3500 + Rs7595 + Rs2375 + Rs2375.
Also appreciate your thoughts if the fees paid to a school where my son discontinued also qualifies (despite me claiming the fees in the next school where he joined). Regards, Ram
03 March 2014
In my opinion the admission fess of Rs.3500/- would not be eligible for deduction u/s 80c. Although the term fees can be claimed as deduction u/s 80c. as the school does not bifurcated the fees composition. Its is irrelevant that the child has discontinued the school. The deduction is available for the tution fees paid during the year for maximum of two child .
CAclubindia
