Can the tuition fees will be claimed by the employee if his wife paid for their Children’s tuition fees?
From India, Mumbai
From India, Mumbai
3131
Dear Friend,
IT department cannot know whose money has been spent for the tuition fees, only thing you can do is ask employee to submit bills as he has paid.
If his wife is also engaged somewhere in employment, she needs to as well account for her excess salary beyond ceiling, in IT returns.
From India, Hyderabad
IT department cannot know whose money has been spent for the tuition fees, only thing you can do is ask employee to submit bills as he has paid.
If his wife is also engaged somewhere in employment, she needs to as well account for her excess salary beyond ceiling, in IT returns.
From India, Hyderabad
Well ,IT exemption under section 80C can be claimed so far you have TF receipt for your child with your name in place of Father's name. Exemption can be claimed only by one of the spouse i.e either mother or Father.
From India, Mumbai
From India, Mumbai
What is your exact problem? Do you wish both of you should get tax exemption under Sec. 80C for same amount? Go ahead. Inquiry if any, from Tax Authority arises in future, face it.
Now, if your query is because your spouse has paid the Tuition Fees for your children but not falling under the taxable limit and you feel that you are just missing the opportunity to claim the tax benefit thru your income. In that case transfer the full amount of Tuition Fees to your spouse account on or before 31st March, 2018 and claim the benefit. You can make this transaction by cash withdrawal also and obtain her signature for money receipt, which will be genuine.
Suresh
From India, Thane
Now, if your query is because your spouse has paid the Tuition Fees for your children but not falling under the taxable limit and you feel that you are just missing the opportunity to claim the tax benefit thru your income. In that case transfer the full amount of Tuition Fees to your spouse account on or before 31st March, 2018 and claim the benefit. You can make this transaction by cash withdrawal also and obtain her signature for money receipt, which will be genuine.
Suresh
From India, Thane
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
New Rate of Sta mp Duty & Registration - Fees Payable .p df
Nem Prospectus and fees structure..doc