(Q.1) Tuition Fees
Else please refer me the deduction allowed only to individual and not to HUF.
THANKS A LOT ADVANCE
Ref Q No (1) (A):- Tuition fees paid during & within FY 15-16 shall be eligible for deduction u/s 80c for FY 15-16 only.
Ref Q No (1) (B):- Tuition fees paid by own or bank is eligible for deduction u/s 80C, However Interest paid on education loan shall be eligible for deduction u/s 80E.
Ref Q No (1) (C): Sec 80C covers Individual & HUF hence it shall be cover individual & HUF
Ref Q no 2 on LIC : As 80C specifically states premium on lIC PAID is Deductible, Hence Payment made during fy against LIC premium is eligible of deduction u/s 80C whether due or not. It means if previous year due LIC premium paid in next fin year is eligible for complete deduction. subject to 1.5 lac limit
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