Deduction on child school fees to individual business month..

136 views
User Avatar

Become CA
76 Points Posted on 05 September 2020
if Mr X a shop keeper paid 25000 as school fees of his child in PY

how many deduction he can claim in his ITR & which sec???
0 Reply Share Follow
On 05 September 2020 at 12:59 Report
Replies (2)
Quick Summary
This discussion clarifies how a shopkeeper, Mr. X, can claim a deduction for child school fees paid. The fees paid can be claimed under Section 80C of the Income Tax Act. The deduction is subject to an overall limit of Rs. 1,50,000/- for all eligible investments and expenses under this section.

User Avatar

Article assistant
124 Points Posted on 05 September 2020
Under section 80 c Mr.X can claim deduction of 25000
Reply
On 05 September 2020 at 22:59
User Avatar

Tax and Business Consultant
11616 Points Posted on 06 September 2020
Under Section 80C you can claim school fee Deduction up to overall limit of Rs. 1,50,000/-
Reply
On 06 September 2020 at 00:20

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Partnership tax audit query
  2. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  3. Form 146 foreign remittance us citizen
  4. GST 16(2) notice
  5. Which GSTR-1 upload error do you hit most often?
  6. Need advice regarding accounting fees
  7. Is it possible to get a refund for an accidental o
  8. ITR-3 Section P&L - speculative income - no bo
  9. Foreign Assets reporting
  10. Build corpus in HUF

More recent discussions | Post

Related Topics :

Loading