LIVE GST Audit Course by CA Sachin Jain. Register Now!!

a doubt in 80 C

APOORV SAXENA (Chartered Accountant) (794 Points)

28 July 2010

hey guyzz

MBA tution fees paid shall get a deducuion u/s 80C ??

Reply
Follow
Share

8 Replies

(Guest)

Payment will be allowed for deduction u/s 80C on Tuition Fees

Fees paid to regular educational institution irrespective of the class attended by the child.

You will get the deduction, provided

University College School or other educational institution must be situated in India. It can be affiliate to any foreign university.
Full time education

Abhimanyu Bind (CA Final Student & Audit Assitant) (2049 Points)
Replied 29 July 2010

Tution fees paid to Pvt coaching institutions are not allowed. It is only allowed if its paid to any college or university and the same is situated in India.

(Guest)

Originally posted by : Deep @ k Gupt/\
	Payment will be allowed for deduction u/s 80C on Tuition Fees Fees paid to regular educational institution irrespective of the class attended by the child. You will get the deduction, provided University College School or other educational institution must be situated in India. It can be affiliate to any foreign university. Full time education

only the tution fees will be allowed for deduction u/s 80-c (which is the part of the fee receipt and doesnt include any other fee eg. admissin fee or building fund)

APOORV SAXENA (Chartered Accountant) (794 Points)
Replied 29 July 2010

thanxx u all.....d institute is IMT Gaziabad......so i think it will b allowed.

Palash Gupta (Student...Hoping to pass Inter) (892 Points)
Replied 29 July 2010

Deduction u/s 80-C is allowed for IMT

vikash (Chartered Accountant) (279 Points)
Replied 29 July 2010

Deduction u/s 80-C is allowed only for tution fees

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 02 August 2010

DEAR ALL PLEASE NOTED:-

Income-tax:-deduction-u/s-80c-for-tuitionschool-fees-paid-for-education-of-children.

Who is Eligible: Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF.

Maximum Child: Deduction under this section is available for tuition fees paid on two children’s education. If Assessee have more then two children then he can claim tuition fees paid of only two children’s. The Deduction is available for any two children.

Here we would like to mention that husband and wife both have a separate limit of two children each, so they can claim deduction for 2 children each.

Expenditure paid for self education not allowable: - This is the only clause u/s 80 C where assessee can not claim tax benefit for expenditure incurred for self. In other words if assessee has paid tuition fees for his own studies, he will not be eligible for deduction.

Fees paid for spouse: Deduction is not available for tuition fees paid for studies of spouse.

Maximum Limit: Deduction for tuition Fees is available up to Rs.100000. Please Note that aggregate amount of deduction under section 80C , 80CCC and 80CCD shall not exceed Rs. 1,00,000/-

Deduction available on payment basis: - Deduction under this section is available on payment basis. Fees may be related to any period. For example feed paid for April 2009 if Paid in March 2009 will be eligible for deduction u/s. 80C in A.Y. 2009-10.

Deduction not available for part time course:- The deduction is available for Full Time courses only. In our opinion no deduction is available for part time or distance learning courses.

Fees for Private tuition/Coaching Classes not eligible for deduction u/s. 80C :- The fees should be paid to university, college, school or other educational institution. No deduction available for fees paid for private tuition’s , coaching courses for admission in professional courses or any other type of courses are not covered as that fee is not paid for FULL time education.

Location of University, college, school or other educational institution: University, college, school or other educational institution must be situated in India though it can be affiliated to any foreign institutes.

Allowability of pre-nursery, play school and nursery class fees: - Pre-nursery, play school and nursery class fees is also covered under section 80C (circular 9/2008 & 8/2007).

Not allowable Expenses:-

1. Development fees or donation not eligible.

2. Transport charges, hostel charges, Mess charges, library fees, scooter/cycle/car stand charges incurred for education are not allowed.

3. Late fees is not eligible for deduction.

4. Term Fees is not eligible for deduction.

Note: Above list is not exhaustive.

Source: https://www.scribd.com/doc/31938154/tution-fees-sec-80c