Children education allowance u/s 10 (14)

Tax planning 4705 views 2 replies

If an assessee received Education Allowance for 7 months only @ of Rs 500/- can he claim the deduction for 12 months or it should be restricted to the months during which he received the allowances.

Replies (2)

Assessee can claim deduction upto Rs. 100 per month per child (for max 2 children)

Mr.Sunil

and

CA Harshit Khatri

Unless the allowance is received for the period of 12 months the exemption cannot be claimed.  Please the wordings of section 10(14)(ii).

Best Wishes

Sathikonda


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