|
72. Deductions for education of children
|
|
|
72. Deductions for education of children.—(1) A person, being an individual or a Hindu undivided family, shall be allowed a deduction in respect of any sum paid during the financial year, if the sum is paid—
(a) as tuition fee to any school, college, university or other educational institution situated within India ; and
(b) for the purpose of full time education of any two children of such individual or Hindu undivided family.
(2) In this section—
(a) tuition fee shall not include any payment towards any development fee or donation or any payment of similar nature ;
(b) full time education shall include education in play school or pre-school.
Clause 72 seeks to provide a deduction to a person, being an individual or a Hindu undivided family, in respect of any sum paid during the financial year as tuition fee to any school, college, university or other educational institution situated within India for the purpose of full-time education of any two children of such individual or Hindu undivided family.
The said clause further provides that tuition fee shall not include any payment towards any development fee or donation or any payment of similar nature. It also clarifies that fulltime education shall include education in a play school or pre-school.
|
|
|
Case Look ups