Tuition Fees Deduction u/s 80C

Querist : Anonymous (Querist) 23 March 2011 This query is : Resolved
I had paid Rs. 12000 in Feb 2010 (last year) as School Tution Fees of my kid as advance for the period Apr-Jun 2010 (current year).

Can I claim the Deduction for Rs. 12000 this in current year PY 2010-11 (AY 2011-12) ?

In simple words,

If X has paid Tuition Fees of his kid in 2009-10 for next Year 2010-11,
Whether he can claim deduction for this in PY 2010-11 (AY 2011-12) ?

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R.Ramachandran (Expert) 23 March 2011
Yes, it can be claimed in the PY 2010-11 andAY 2011-12.

MUKESH SHARMA (Expert) 23 March 2011
Maximum Limit: Deduction for tuition Fees is available up to Rs.100000. Please Note that aggregate amount of deduction under section 80C , 80CCC and 80CCD shall not exceed Rs. 1,00,000/-
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 2009 if Paid in March 2009 will be eligible for deduction u/s. 80C in A.Y. 2009-10.

Querist : Anonymous (Querist) 24 March 2011
Both are wrong

No Deduction will be allowed in AY 2011-12

R.Ramachandran (Expert) 24 March 2011
Dear Anonymous,
Please indicate on what basis (provisions) that you say that no deduction willbe allowed in AY2011-12.

soumitra basu (Expert) 02 April 2011
The payment of tution fees shall be allowed on payment basis but not on accrual basis.
The payment was made in February, 2010 i.e. financial year 2009-2010 Assessment Year 2010-2011.
The deduction will only be allowed for the assessment year 2010-2011 not 2011-2012

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