sec. 80c, deduction of tuition fees
Pravin Solanki (14 Points)
20 February 2018Pravin Solanki (14 Points)
20 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193814 Points)
Replied 20 February 2018
If father had transferred any such amount to children's account, it will be accepted.
Pravin Solanki
(14 Points)
Replied 20 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193814 Points)
Replied 20 February 2018
Yes, provided the source of the cash is proven.
Sheel Chandra Upadhyay
(2 Points)
Replied 21 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193814 Points)
Replied 21 February 2018
No. : Restricted only for actually paid tution fees for 2 children.
And aggregate cap of 1.50L u/s. 80C.
Amit Kumar Bansal
(Job/Blogger)
(688 Points)
Replied 03 March 2018
Tuition fee paid for your child is also exempted u/s 80 C. Only two children tuition fee is allowed for the particular scheme.
It can only be claimed in respect of two dependent children and for fees paid to an educational institution, college or school.
The maximum deduction on payments made towards tuition fee can be claimed up to ₹ 1.50 lakh together with the deduction in respect of insurance, provident fund, pension etc. in a financial year.
https://financialcontrol.in/understand-tax-saving-options/
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