Can deduction be claimed under Section 80C for the payment of examination fees to the ICAI??
Also will the payment to any university as fees for a undergraduate course be allowed as deduction, given the fact that the course is a correspondance course?
Please provide your valuable views.
Thank You
In my Opinion Watever fees paid as tution fees we can claim deduction provided it is full time education
so that ur 2 queries i.e. CA fee and Correspo. Fee May not fall under deduction wall
okay i think rs.100/- per child upto 2 maximum it is only an exempt allowance i.e. if employer gives us children education allowance then it will attract otherwise it maynot ....
Rs.100/- per child upto 2 maximum is only an exemption in allowance i.e. only if any such allowance as children education allowance is being received and it is in no case can be taken as allowable expenditure out of your total income.
tuituion fee under section 80c covers "tuition fee paid to to any university, college, school or other educational institution situated within India andfor the purpose of full-time education of any of the persons specified in sub-section (4);"
for the above person means "in the case of an individual, any two children of such individual"
So tuition paid for "self" will not qualify for deduction
Guest
Posted on 16 March 2011
Dear Neeraj,
Tution fee paid is deductible... no other fee like admission fee or bus fee etc.. are deductible...
i think tution fee paid to ICAI is not deductible because in the letter from accounts section after paying the stipulated fee.. in the break up, even though it is will be specifically mentioned as tution fee u cannot claim as the section says " Payment made as tution fees to any university, college, school or educational institution situtated in india for the purpose of full timeeducation in respect of any two children of the assessee is deductible "
But the CA course is not full time course .. it is distance learning... hence not deductible...