under 80 c deduction: only tuition fees is admissible... we all know that...
is admission fees admissible ??????
as income tax act just says that any tuition fees either at time of admission or thereafter (except in nature of caption money and development fees ) is allowed for deduction...
kindly someone clarify??
term fees, activity fees, computer fees , admission fees eligible for 80 c deduction or not??
Sec 80C....
(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 India;
(b) for the purpose of full-time education of any of the persons specified in sub-section (4) ,,,"
Here basic term is tuition fees....... no other kind of fees/charges admissible.......
So, no deduction would be eligible like term fees, activity fees, computer fees , admission fees etc.
CAclubindia
