Deduction under 80 c for tution fee

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28 Points Joined August 2017
Plz explain how mch and for whome it be applicable
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On 17 November 2017 at 14:46 Report
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28 Points Joined August 2017
In 44 Ad is there is any dectuction in rent paid?
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On 17 November 2017 at 14:51
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Student
1511 Points Joined November 2017
u/s 80c limit restricted to 150000 inclusive of other deduction.
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On 17 November 2017 at 14:52
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Student
1511 Points Joined November 2017
individuals r huf
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On 17 November 2017 at 14:54
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1511 Points Joined November 2017
in 44 AD can't claim deduction u/s 80 c
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On 17 November 2017 at 14:57
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28 Points Joined August 2017
There is L.I.C deduction in 80 c in 44Ad .
Can i claim rent paid un 80c in 44Ad plz expln
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On 17 November 2017 at 15:03
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1511 Points Joined November 2017
If u r an individual (resident) paying tax u/s 44AD then u can't claim deduction u/s 80c .
LIC premium paid u/s 80c can't claim.
rent paid does not come under 80c -
comes under 80gg if ur not in receipt of House rent allowance.
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On 17 November 2017 at 15:15
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1511 Points Joined November 2017
calculation u/s 80GG.
Rent paid:
least of the following:
(1)25%of total income
(2)rent paid -10%of total income
(3)5000p.m.
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On 17 November 2017 at 15:17
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1511 Points Joined November 2017
rent paid can claim
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On 17 November 2017 at 15:18
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28 Points Joined August 2017
Plz clear i am a proprietor can i claim L.I.C deduction u/s 80 c in 44ad n my trun over is about 1cr
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On 17 November 2017 at 15:28
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1511 Points Joined November 2017
I am not clear about ur doubt...
rent paid towards ur house r shop rent in which ur doing business..
LIC premium paid towards u r for ur business
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On 17 November 2017 at 15:39
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28 Points Joined August 2017
i am a proprietor rent paid for my business i.e shop rent
Lic premium paid towards me
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On 17 November 2017 at 15:41
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1511 Points Joined November 2017
rent paid towards ur shop can deduct u/s 30. under the head " Income from business/ profession".
but LIC premium paid can claim in deductions U/s 80 c ..
but if u deposit / invest in new LIC policy in the year as annuity plan can claim as deduction.
but I am not clear about the policy deposit
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On 17 November 2017 at 15:57
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1511 Points Joined November 2017
but LIC premium paid CAN'T claim in deductions u/s 80 c .... above spell mistake
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On 17 November 2017 at 15:58
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U/s 80C clause(xvii), you can claim tution fees paid to school, college or univeristy or any other educational institution. However any amount paid as donation cannot be claimed as a deduction under the said section 80C.

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On 17 November 2017 at 16:03


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