Tag Archives: Section 80C

School Tuition Fees Deduction u/s 80C of Income Tax

By | November 8, 2016

Tuition Fees Deduction under Income Tax Act (India) Section 80C The taxpayer can claim deduction under section 80C in respect of amount paid by him during the year towards tuition fees (excluding development fees, donation or similar payments) paid at the time of admission or thereafter, to any university, school, college or other educational institution… Read More »

Insurance premium paid from loan funds is allowed as deduction

By | August 10, 2015

Question : Whether the Insurance premium paid from loan funds is allowed as deduction u/s 80 C / Life insurance premiums, even if paid out of loan funds and not out of income chargeable to tax, are eligible for deduction under section 80C IN THE ITAT COCHIN BENCH Goutham Reddy v. Income-tax Officer, Ward -2, Kottayam… Read More »