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Section 80C(xvii) of the I T Act allows deduction for payment of Tuition Fee .The provision is as follows
(xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter,
(a) to any university, college, school or other educational institution situated within
(b) for the purpose of full-time education of any of the persons specified in sub-section (4);”
The question is : whether ICAI is a University or College or School or falls within other educational institution .
These terms have not been defined under the I T Act .Therefore plain reading of the I T Act shows that ICAI should not fall within these educational institution.
Secondly, whether Registration Fee or admission fee should fall within definition of tuition Fee is also debatable in absence of definition of tuition fee under the I T Act.
Therefore, in practical sense , assessing officer will disallow the claim of deduction u/s 80C of such payments -registration and admission fee- to ICAI stating that such payments are neither made to any university,college or school nor can it be taken within purview of tuition Fee.
CA course is a distance learning course & not affiliated with UGC so Fee paid for CA course not allowed.
And cs cwa….. also…
|Originally posted by : jitender|
what is the limit u/s 80C for tuition fees
Full time education of any two children in any university, college, school or other educational institution, subject to over-all limit of tax deduction under section 80C. The maximum limit for the tuition fees is Rs.100000. That means one can utilize the entire exemption u/s 80c.