tution fee under 80c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2011 sir , my brother is getting admission into LNMIT engineering college through AIEEE ranking whether me or my father can take deduction of tution fees (which is inclusive of service tax) n will it be on paid basis?

U S Sharma

U S Sharma (Expert)
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04 July 2011 yes, father can take 80C benefit on the "tution fees" portion of amount paid from his gross taxable income.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 July 2011 1.If father is paying the tuition fee of your brother, then father can take the benefit of 80C.
2. If your are paying the tuition fee of your brother, neither yourself nor father can avail the benefit of section 80C.
3. Deduction under section 80C is allowed on payment basis.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2011 so sir,
whether my father can take benefit of service tax element too,., and sir would would be the consequence had such fees is paid by taking a education loan from bank then whether interest and installment both can be availed as deduction ?

U S Sharma

U S Sharma (Expert)
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05 July 2011 Fee Structure

The fee structure is as follows:

• One-time payment:

Caution Money:8,000 (Refundable)
Admission fee:3,000 (Non refundable)
• Per semester charges:

Registration fee:3,000
Tuition fee:60,000
Hostel fee:15,000
Mess establishment charge:1,000
Monthly mess charges are on actual basis and for this each student is required to deposit9,000 as mess advance.
Students are, therefore, expected to pay99,000 at the time of admission. The said amount should be paid through ICICI Bank as per the instructions mentioned in the admission offer letter.

The LNMIIT is a residential Institute. Therefore, staying in the Institute hostel and joining the mess is compulsory for all students.

The Governing Council of LNMIIT reserves the right to review the fees and other charges from time-to-time. Normally, such reviews are done annually.
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WHERE DID YOU FOUND THE SERVICE TAX ELEMENT?
80C BENEFIT IS AVAILABLE ON 60000 (TUTION FEES) ONLY, BALANCE ARE NOT ELIGIBLE.

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