Guest
425205 Points
Joined August 2012
Hi, u/s 80C only tution fees is eligible for deduction. Other expenses can not claim as deduction.
Sathyanarayana.B
Finance Controller CA. CS. CFA. CIFRS.
9017 Points
Joined October 2007
hello sir
80C Covers tution fees admission fees only
Service
201 Points
Joined November 2007
Hi
In Circular No.8/2007 dt. 5-12-2007, it is clarified that ;
Tuition fees, whether at the time of admission or thereafter, paid to any university, college, school or other educational institution situated in India, for the purpose of full-time education of any two children of the employee.
Full-time education includes any educational course offered by any university, college, school or other educational institution to a student who is enrolled full-time for the said course. It is also clarified that full-time education includes play-school activities, pre-nursery and nursery classes.
It is clarified that the amount allowable as tuition fees shall include any payment of fee to any university, college, school or other educational institution in India except the amount representing payment in the nature of development fees or donation or capitation fees or payment of similar nature
Doesn't it mean any all payment except the payment in nature of development fees or donation or capitation fees, should be allowable as deduction under tuition fees in Sec 80 C.
I think it has to looked again what is the right interpretation.
Senior Accounts Manager
44 Points
Joined January 2008
it is excluding donation/development fees towards any 2 children of the assessee - That means only tution fees should be consider not anything else.
Practising C.A
188 Points
Joined August 2007
Hi,
the deduction for education expenses U/s 80C clearly states "Tuition fees paid", hence it only pertains to fees paid for education, not even hostel or development fees paid. cost of books and shoes, etc do not come under the purview of tuition fees, hence not deductible U/s 80 C.
Student of CA Final Course
207 Points
Joined October 2007
Dear All,
Thanks for your valuable feed back.]
Regards
S.Jeyendran
Finance Controller CA. CS. CFA. CIFRS.
9017 Points
Joined October 2007
its ok yar
Senior Accounts Manager
44 Points
Joined January 2008
its ok, your thinking is very good. Keep it up.
DGM-F & A
1734 Points
Joined November 2007
Only tution fee of 2 children is covered in section 80c,Nothing else.
Guest
425205 Points
Joined August 2012
Is payment of Tution Fees for the period April08-June08, eligible for deduction u/s 80C in A.Y. 2008-09
CA Final
814 Points
Joined January 2008
80C covers only tuition fees paid to any university, college, school or other educational institution situated in India, for the purpose of full-time education of any two children of the employee.
C A
7080 Points
Joined June 2007
Only tution fees is eligible for Section 80C. Now there is no cieling of Rs. 12,000/-. You can claim Upto Rs. 1.00 lacs provided you have no other eligible investments in Section 80C.
Guest
425205 Points
Joined August 2012
hello,can you plesase tell me that tution fees paid for wife for higher education can claim for deduction under section 80c
Professional
61 Points
Joined November 2007
By laws its specific for children and not to the spouse so its not cliamble