Sir,
proprietor deposit his son school fees Rs.69000/- and deposit Rs.12000 to daughter,s sukhana samridhi account. so can he eligible Rs.81000 to claim deduction under section 80C.
Menu
80c deduction School fees
Replies (3)
Quick Summary
Deduction from gross total income.
@ sabyasachi Mukherjee
?????
?????
Tuition fees and Sukanya Samriddhi:
• Tuition fees for children (Rs 69,000 for the son): eligible under 80C (tuition portion only, up to 2 children).
• Sukanya Samriddhi deposit for the daughter (Rs 12,000): eligible under 80C (Sec 80C(2)(viiia)).
• Both within the overall Rs 1.5 lakh 80C limit. Old regime only. A proprietor can claim these in his individual ITR (they aren't business expenses).
Recent Topics :
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
Related Topics :
CAclubindia
