Dear All
Please Clarified about, Which amount can claim U/s 80C or which amount not claim u/s 80C. As Tuition fee, Transport charges, Development fee, Magazine fee, I-Card And Class photograph Fee , Dairy fee, P.T.A. Charges, Computer Fee. etc. i read ready reconer but not doubt.
Thanks
Ramanuj
Only tution fee can be claimed as deduction under section 80C.Development fee and any other fee is not allowed.
Dear All,
Please clarified, about deduction u/s 80c - what is the deduction amount in 80c for PPF . 70,000/- or 1,00,000/-.
And can we claim of 2 housing loans for 1 house / flat for deduction if the induvidual is in employment ?
Thank and Regards
Harshad
Hi,
Regarding tuition there was a circiular stating that any paymnet made to school will be treated as tuition for the purpose of deduction under 80C except the following:
Development fee, donation fee & caption fee
Hence in your case only the amount of development fee will be disallowed
Refer circular dtd.Jan-2010
As regards your second query,
Limit of RS 70,000 is imposed by the PF act & not by the IT act as a maximum contribution towards PF.
Yes, you can claim 2 housing loans in your case.
.
According to my view , the tution fee will be seperately mentioned in School fee receipt along with library fee,Transportation charges etc and deduction will be available on the amount specified as 'Tution fee'.
Please find the attached images for school fee and college fee receipts or follow the given link.
https://data.ashanet.org/datastore/data/Publicity/Films/Aswathy_Fees_Details_Receipt.jpg
https://www.admengroup.com/School%20Management%20Software/Institute%20Automation%20Software%20-%20Receipt%20Sample.gif
Please feel comfortable to correct me, If iI was Wrong.
For School fee receipt
CAclubindia
