COLLEGE FEES DEDUCTION ALLOW UNDER SECTION 80C???
Ruchita Vaghani (46 Points)
20 June 2018COLLEGE FEES DEDUCTION ALLOW UNDER SECTION 80C???
RAJA P M
("Do the Right Thing...!!!")
(127140 Points)
Replied 20 June 2018
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 20 June 2018
In respect of education, a parent can claim a deduction on the amount paid of tuition fees paid to any university, college, school or any other educational institution. Other components of fees such as development fees, transport fees are not eligible for deduction u/s 80C.Only tuition fees part of the total fees paid is allowed for deduction.
The maximum deduction on payments made towards tuition fee can be claimed up to INR 1.50 lakh together with the deduction in respect of insurance, provident fund, pension etc. in a financial year.
It can only be claimed in respect of two dependent children and for fees paid to an educational institution, college or school.
CA SAROJ KUMAR JHA
(job)
(28 Points)
Replied 20 June 2018
Tution fees only for full time course is available u/s 80C
RAJA P M
("Do the Right Thing...!!!")
(127140 Points)
Replied 20 June 2018
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