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80 c

m.rajkumar (salaried) (48 Points)

13 December 2008

Can i claim deduction under 80 c for payment made towards tution fees for my younger brother who is pursuing MBA (regular course).

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Prabeer (B. COM (H) CA & CS Final) (5484 Points)
Replied 13 December 2008

No Dear, here’s why:

Under the provisions of section 80C, an assessee will be entitled to a deduction from gross total income of the amount invested in LIC policies, provident funds, payment of tuition fees, repayment of housing loans, investment in infrastructure bonds etc. subject to a maximum of Rs.1,00,000.

Payment of tuition fees by an individual assessee at the time of admission or thereafter to any university, college, school or other educational institutions within India for the purpose of full time education of any two children of the individual. This benefit is only for the amount of tuition fees for full-time education and shall not include any payment towards development fees or donation or payment of similar nature and payment made for education to any institution situated outside India.