if a person has paid school fees for child other than his child ( donation for friends child). is he eligible for deduction of that amount under 80c . or how is it to be treated.
S MUFADDAL (1 Points)
26 March 2019if a person has paid school fees for child other than his child ( donation for friends child). is he eligible for deduction of that amount under 80c . or how is it to be treated.
prasad Nilugal
( GST Practitioner & Accounts )
(14163 Points)
Replied 26 March 2019
No not eligible other than his child , as per section 80C (2) (xvii) read with sub section 4(c) of the income tax act 1961.
Mehul Bhanushali
(CA in Practice)
(174 Points)
Replied 26 March 2019
Agree with Mr. Prasad.
Said amount would not be allowed as deduction and will be treated as a capital withdrawal.
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 27 March 2019
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 27 March 2019
Mohammad Azam
(Acoountant)
(56 Points)
Replied 27 March 2019
I agree with Mr Prasad, deduction not allowed in 80C.
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