Dear CA
Iam filing my ITR 4 as a Freelancer ( Contractor/Interior Designer/Tech Consultancy) for past few years . My gross yearly income is 50 lakhs and paying nearly 30,00,000 ( Thirty Lakhs INR ) as tuition fee for my two sons. While filing tax returns Can I claim tax exemptions for the tution fee ?
Please advise
Thankyou
Ravvin
Thankyou Sir for reply
the deduction is restricted to 80C ie Rs 1.5 lakhs. What do you gain from it? better to just file ITR-4 and pay tax under new scheme.
CAclubindia
