Dear Friends,
Can a person eligible to claim deduction as tution fees paid by him for his nephew's school under Income Tax Act ?
C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)
15 June 2016Dear Friends,
Can a person eligible to claim deduction as tution fees paid by him for his nephew's school under Income Tax Act ?
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 15 June 2016
Senu Reddy
(ca final)
(291 Points)
Replied 15 June 2016
No you cannot claim deduction u/s 80 c.
it is eligible only for children tuition fee (max 2 childrens)
...
Senu Reddy
(ca final)
(291 Points)
Replied 15 June 2016
D
eduction in respect of school fees is covered under Section 80C of the I-T Act. A parent can claim a deduction of payment made for tuition fee to any university, college, school or any other educational institution.
The deduction on payments made towards tuition fee can be claimed up to Rs 100,000 (Limit Raised to Rs. 1,50,000/- from A.Y. 2015-16), together with deduction in respect of insurance, provident fund and pension.
But, there are certain conditions to get this. It can only be claimed in respect of two dependent children and for fees to an educational institution within India and, for tuition fee only. Payment as donation or development fee to an educational institution does not qualify.
The following are the deduction allowed under tuition fees
The following are the deduction not allowed under tuition fees
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