Home Acts & Rules Bill Bills Direct Taxes Code Bill, 2009 Chapters List Chapter III - Part-H COMPUTATION OF TOTAL INCOME - H. - Tax incentives This
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Clause 67 - Deductions in respect of children's education - Direct Taxes Code Bill, 2009Extract Deductions in respect of children's education 67. (1) A person, being an individual or a Hindu undivided family, shall be allowed a deduction in respect of any sum actually paid during the financial year, if the sum is- (a) paid as tuition fee to any university, college, school 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) For the purposes of this section,- (a) tuition fee shall not include any payment towards any development fees or donation or payment of similar nature; (b) full time education shall include play schooling or pre-schooling.
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