Hi Shibha,
As per Section 80C-Tution fees is a deductible expense for full time courses only.
Hostel fees is allowed as per the Act only in a case where employee has been transferred to a different place and due to which hostel was required for the children.
Deduction cannot be claimed for 3 children.The husband and wife can claim separately in their separate returns for one child each,ie together they can claim deduction for a maximum of 2 children only.
CAclubindia
