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Deduction u/s. 80c for tuition fees
Hi,
My query was with respect to the date we pay the fees. I have paid the school fees for my child on 10th March 2014 for the Academic year Mar 2014 to Feb 2015. Now my Finance team in my organization claims it will not be considered for AY 2014-2015. is that so? i checked online and everywhere it says it can be considered.
My School Receipt clearly mentions Academic Year 2014 - 2015.
I would be grateful if someone solves my doubt.
Regards
Tofiq G
Replies (12)
Hi Tofiq,
Deduction U/s 80C is available on payment basis, irrespective of the period it is related to, therefore tuition fee paid by you in FY 2013-14 can be considered for dedution in the same FY 2013-14 i.e. in AY 2014-15.
Agree with Ms. Shruti, you can get deduction on payment basis.
Tofiq G,
You can claim only in AY 2014-15
yes you can claim it during the A,Y, 2014-15 WITHOUT ANY ISSUES.
Thank you
Yes its considered for ay 14-15.
Yes you can claim it
Yes it is consider for AY 2014 15
Right u are claim in AY 2014-15
| Originally posted by : Shruthi | ||
 |
Hi Tofiq, Deduction U/s 80C is available on payment basis, irrespective of the period it is related to, therefore tuition fee paid by you in FY 2013-14 can be considered for dedution in the same FY 2013-14 i.e. in AY 2014-15. |
 |
Yed it is on paid basis
Yes u can claim deduction for AY 14-15.
Hello,
Deduction under section 80 C is available on payment basis. Fees may be related to any period.
You can't calim deduction of AY 14-15.
File revised return of AY 13-14 & claim fees in that return.
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