#1
3rd September 2014, 11:22 AM
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Vadmission Fees Under 80c
Will you give me information about admission Fees detection scheme Under 80c ?
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#2
3rd September 2014, 11:50 AM
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Re: Vadmission Fees Under 80c
Deduction from taxable income under Section 80C is available to taxpayers up to a maximum amount of Rs1 lakh for education expenses incurred for his/her children. This deduction is available for two children. This Deduction is not available for tuition fees paid for studies of spouse Fees may be related to any period. For example feed paid for April 2010 if Paid in March 2010 will be eligible for deduction u/s. 80C in A.Y. 2010-11 This Deduction scheme is not available for part time course and also not for Private tuition/Coaching Classes . The University, college, school or other educational institution in which student read must be situated in India though it can be affiliated to any foreign institutes. In this deduction Only the tuition fee paid is eligible for deduction that is for only two children . Other expenses, such as transport charges, library charges, hostel charges, development fees or donation are not covered fro deduction. |