KAMAL (k ) (79 Points)
13 February 2010
Deepak.R
(CA - PCC Student / Articled assistant)
(177 Points)
Replied 13 February 2010
Hostel fees is not allowed. Only tuition fees is allowed.
and may i know, how much amount u r paying as tuition fees.,
SAI KRISHNA GHANTASALA
(JOB)
(202 Points)
Replied 13 February 2010
hi Kamal ,
As per the definition any expenditure incurred towards the tution fee is eligible for deduction i.e., in the form of library fee, laboratory fee as such and not the expenditure of hostel and accommodation.
Thank U
KRISHNA
Sriram
(ACS STUDENT)
(23 Points)
Replied 13 February 2010
Only tuition fees only allowed not for other fees included
C.Balaji
(Learner)
(1867 Points)
Replied 13 February 2010
Mr.Kamal
As per IT Act
sec 80 C - as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter,
(a) to any university, college, school or other educational institution situated within India;
(b) for the purpose of full-time education of any of the persons specified in sub-section (4);
Reading the Act plainly may tempt us to claim but I don't think hostel fees paid will be eligible.....
vijaykumar
(student)
(43 Points)
Replied 13 February 2010
only tution fee is allowed for deduction but not hosttal fee
CA SANJAY GARG
( Chartered Accountant)
(150 Points)
Replied 13 February 2010
HOSTEL FEES IS NOT ALLOWED AS DEDUCTION ..........
CA PRAVEEN KESHAV
(CHARTERED ACCOUNTANT)
(331 Points)
Replied 13 February 2010
hostel expenses is not allowed.............. as deduction
Mitali Agarwal
(Company Secretary)
(638 Points)
Replied 13 February 2010
| Originally posted by : praveen keshav | ||
 |
hostel expenses is not allowed.............. as deduction |
 |
Max Payne
(employed)
(2574 Points)
Replied 14 February 2010
Dear Kamal , agree with others, hostel fees is not covered.
BUT u can ask your employer (if any) to restructure your salary to include hostel allowance of children, which u can claim exemption upto Rs.300 per month u/s 10(14) per child, max 2 children......
CAclubindia
