Doubt about deduction u/s 80c

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