Proprietor of M/s Vanamala and Co
972 Points
Joined August 2010
NO NO NO NO U R NOT ELIGIBLE FOR TAX BENIFIT u/s 80C
DEDUTION U/s 80C – Tution Fees
1. Conditions :
i) The deduction is available to Individual Assessee and not for HUF.
ii) The Deduction is available for any two children.
2. This is the only clause u/s 80 C where assessee cannot claim tax benefit for expenditure done on himself. Means if assessee has paid tuition fees for his studies, he will not be eligible.
3. Deduction is not available for tuition fees paid for studies of spouse.
4. The deduction is available for Full Time courses only, so no deduction for part time or distance learning courses.
5. The fees should be paid to university, college, school or other educational institution, so no rebate for private tuitions.
6. Tuition fees paid for coaching courses for admission in professional courses or any other type of courses are not covered as that fees is not paid for FULL time education.