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sec. 80c, deduction of tuition fees
if tuition fees children pay in account of children him self account. deduction of tuition fees is father can claim in his individual income tax return, children return is not filling and children is depending on father income.
Replies (6)
If father had transferred any such amount to children's account, it will be accepted.
father can deposit cash in children account is allowed in income tax
Yes, provided the source of the cash is proven.
If any maximum limit of deduction per child per year for tuition fee?
No. : Restricted only for actually paid tution fees for 2 children.
And aggregate cap of 1.50L u/s. 80C.
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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