School fees

274 views
User Avatar

33 Points Posted on 04 April 2020
a person paid school fees rs 45500 during a financial year (school fees includes 12100 as tuition fees and 33400 as other fees).how much of school fees will be deducted from taxable income .......
2 Reply Share Follow
On 04 April 2020 at 15:47 Report
Replies (3)
Quick Summary
When paying school fees, only the tuition fee portion is eligible for deduction under Section 80C of the Income Tax Act. Other fees, such as for activities or facilities, are not deductible. If you paid Rs 45,500 in school fees, with Rs 12,100 being tuition fees, only the Rs 12,100 can be claimed as a deduction, provided you file an individual Income Tax Return (ITR).

User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 04 April 2020
Under section 80C Tuition Fee can be claim. As per Your query available deduction Rs 12100/- only. Bcoz, that's only tuition fee.
1 Reply
On 04 April 2020 at 16:33
User Avatar

33 Points Posted on 04 April 2020
Can we adjust rest of amount rs 33400 from capital .... I had paid 45500 via cheque during fin yr 2019 2020
Reply
On 04 April 2020 at 17:07
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 04 April 2020
Yes... If You file individual ITR.
1 Reply
On 04 April 2020 at 17:09

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading