Tution fees under section 80C confusion ?

Is it true ?

- No... This is Wrong...!

Deduction available as the same FY as Date of Receipt...

The tuition fee claim in fy 18-19...

Deduction available on payment basis: –

Deduction under this section is available on payment basis. Fees may be related to any period. For example feed paid for April 2019 if Paid in March 2019 will be eligible for deduction u/s. 80C in A.Y. 2019-20.
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Tuition Fees does not include -

1. Development fees or donation not eligible.

2. Transport charges, hostel charges, Mess charges, library fees, scooter/cycle/car stand charges incurred for education are not allowed.

3. Late fees is not eligible for deduction.

4. Term Fees is not eligible for deduction.

5. No deduction for part time or distance learning courses.

6. no rebate for private tuition.

7. Building fund or any donation etc not allowed.

Note: Above list is not exhaustive.

Still confuse in financial year and accessment year in terms of fees paid. In my scenerio, three years are coming as 2018,2019,2020. Please clarify with simple

As per your query.,

You can claim deduction in FY 18-19...

FY 18-19 means transactions from 01/04/2018 to 31/03/2019...

Now, You clear... ?!!

Pls understand the difference between FY (Financial Year) and AY (Assessment Year)

For FY 2018-19 the relevant AY is 2019-20

The accountant must have said that for FY 2018-19 u can claim deduction in AY 2019-20

Yes... I agreed to Mr CA Anurag Gupta...

Well explained...

Anuraj ji,

When i will show this tution fees amount in income tax green sheet of organization:

1. Before 31 March 2019

OR

2. Before 31 March 2020

31st March 19...

But, it's filing between 01/04/19 to 31/03/20

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ADEI ARIVAALI NAAYE.....

Tuition fees are allowed in the FY during which such Payments are made.

It has no relation for what period it's paid. You ignore this period point.

if he paid it in FY 2018-19 , but its an advance fee for the year 2019-20 , then what needs to be done by him?

@ Law Aspire.,

He can claim as per receipt date...

Kuldeep ji

I m coming back to Ur original question

Tution fees paid on 10/01/2019 ie. FY 2018-19 (AY 2019-20)

so you can claim the same in the ITR for above said AY

Last date for filing of said ITR was Aug 19 and hence your accounts department while filing must have claimed the same and if the same has not been claimed, you can claim by filing of Revised return, else the claim will lapse

and if no ITR has been filed you are requested to file immediately along with penalty