query in tax

IPCC 503 views 1 replies

Q1-   case: Mr A who is a business man, has a son studying in an engineering college of India, the tuition fees is Rs 80000, can MR A claim deduction under section 80C(17) and if yes then what will be the amount of deduction?

Q2 Repayment of amount borrowed by the assessee from central govt or state govt or LIC or NATIONAL HOUSING BANK, IS IT DEDUCTIBLE FROM GROSS TOTAL INCOME ?

Replies (1)

in first case yes subject to 100000 limit and only interest portion is deductible........

in second case also yes...........


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details