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Deduction under 80 c for tution fee

Vishal Joshi (28 Points)

17 November 2017

Plz explain how mch and for whome it be applicable

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21 Replies

Vishal Joshi (28 Points)
Replied 17 November 2017

In 44 Ad is there is any dectuction in rent paid?

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Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

u/s 80c limit restricted to 150000 inclusive of other deduction.

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

individuals r huf

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

in 44 AD can't claim deduction u/s 80 c

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Vishal Joshi (28 Points)
Replied 17 November 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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Sunil Ahmad (Student) (1511 Points)
Replied 17 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.

Sunil Ahmad (Student) (1511 Points)
Replied 17 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.

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

rent paid can claim

Vishal Joshi (28 Points)
Replied 17 November 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

Sunil Ahmad (Student) (1511 Points)
Replied 17 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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Vishal Joshi (28 Points)
Replied 17 November 2017

i am a proprietor rent paid for my business i.e shop rent
Lic premium paid towards me

Sunil Ahmad (Student) (1511 Points)
Replied 17 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

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

but LIC premium paid CAN'T claim in deductions u/s 80 c .... above spell mistake

(Guest)

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.