Please Help: Deduction u/s - 80C
Posted Date : 04-Feb-2015 , 11:07:49 am | Posted By: Lotus Choudhary
Category :
Income Tax | Answers :
1|
Comments :
10| Hits: 546
|
|
Whether the following payments are eligible for deduction u/s -80C:
1.Computer Fees
2.Activity Fees
3.Development Fees
4.Bus Fees |
 |
|
|
Answers:
|
 Answer by: CA Satuti Mahajan |
| No.
|
|
|
| Comments |
| Posted By : Aditya Goel |
19-Feb-2015, 10:07:29 |
| only tuition fees is applicable. but in some schools activity fees is just used as the breakup of tuition fees.
computer fees is also sort of tuition fees.
as per my understanding both computer fees and activity fees are sort of tuition fees and thus shall be allowed. |
| |
| Posted By : Lotus Choudhary |
07-Feb-2015, 06:02:08 |
| ohh sorry, you have already given it. |
| |
| Posted By : Lotus Choudhary |
07-Feb-2015, 10:33:27 |
| or can you give the circular no. you have read? |
| |
| Posted By : Lotus Choudhary |
07-Feb-2015, 10:32:52 |
| can you please define me what is Development Fees? @ Shweta Grover |
| |
| Posted By : Shweta Grover |
06-Feb-2015, 01:51:32 |
| After studying the circular, in my opinion computer fee is not a kind of development fee and therefore should be allowed. |
| |
| Posted By : Lotus Choudhary |
06-Feb-2015, 10:22:56 |
| My opinion is also that only tution fees will be eligible for deduction. |
| |
| Posted By : Lotus Choudhary |
06-Feb-2015, 10:21:48 |
| so whether computer fees and bus fees etc are eligible for deduction u/s 80C. @ Shweta grover |
| |
| Posted By : Adil Malik |
05-Feb-2015, 05:58:25 |
| No, above expenses is not eligible for deduction u/s 80C |
| |
| Posted By : Shweta Grover |
05-Feb-2015, 11:03:08 |
| As per Section-80C deduction is allowed for all type of fees other than development fees and donation.
Further as per Circular No.17/2014 dated 10th Dec 2014 on Sec-192 of the act, "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."
Therefore Other than development fee, all other fees are allowed under Sec-80C. |
| |
| Posted By : Alok Kushwaha |
04-Feb-2015, 12:30:19 |
| No,Only the tuition fee paid is eligible for deduction. Other expenses, such as transport charges, library charges, Computer fee, development fees, Bus Fee or donation, are not covered u/s 80C |
| |
|
|
|
|
|
