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Tution fee query

Pratik Mahajan (B.Com M.Com CA Final CS Professional) (54 Points)

07 December 2012

Is it possible to claim deduction u/s 80C for tution fee paid to IIM for full time MBA course?

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7 Replies

Ashwini Kumar Rohilla (M.Com and CA-FINAL) (949 Points)
Replied 07 December 2012

If course is full time then only Deduction is allowed......u/s 80C

1 Like

Durga Prasad (Trainee) (392 Points)
Replied 07 December 2012

yes,but to the extent of rs. 1 lakh

1 Like

CA rahul (BCOM(H) ACA) (725 Points)
Replied 07 December 2012

Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children.
limited to rs 100000

1 Like

Pratik Mahajan (B.Com M.Com CA Final CS Professional) (54 Points)
Replied 07 December 2012

Originally posted by : CA rahul
	Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children. limited to rs 100000

Thanks guys for replying. Just wanted to confirm it.

Bhushan Jaju (Student) (970 Points)
Replied 07 December 2012

yes you can claim but upto Rs.100000/- only...

CA. Kapil Goel, DISA(ICAI) (cakapilgoel.wordpress.com) (2191 Points)
Replied 07 December 2012

Only tution fees & only to the extent of Rs.100000.00 will be allowed.

manoj (student) (5205 Points)
Replied 08 December 2012

Tuition fees, whether at the time of admission or thereafter, paid to any university, college, school or other educational institution situated in India, for the purpose of full-time education of any two children of the employee.

Full-time education includes any educational course offered by any university, college, school or other educational institution to a student who is enrolled full-time for the said course. It is also clarified that full-time education includes play-school activities, pre-nursery and nursery classes.

It is clarified that the amount allowable as tuition fees shall include any payment of fee to any university, college, school or other educational institution in India except the amount representing payment in the nature of development fees or donation or capitation fees or payment of similar nature.

subject to a limit of Rs. 1,00,000/-: