Tuition terms

Section 80C of the Income Tax Act does not define the term tuition fee. However, Section 80C (xvii) states that the deduction will be allowed for “tuition fees (excluding any payment towards development fee or donation or payment of similar nature), whether at the time of admission or thereafter, to any university, college, school or other educational institutions situated within India.” So, the provision prohibits deduction on development fee, donation or payment of similar nature. Hence, all payments related to the education of a child which a school or college charges should be allowed under Section 80C. You should claim the expenses you have mentioned for deduction.NRIs are not allowed to open PPF account or invest in any of the small savings schemes as well as the RBI savings bonds. A central government circular GSR 585(E) dated July 25, 2003, prohibits NRIs from opening a PPF account. However, if a resident Indian who subsequently becomes an NRI before the PPF account matures, may continue to subscribe to the fund till maturity on a non-repatriation basis.Corporate fixed deposits are very opaque and involve a lot of such irregularities. However, you can approach your income tax assessment officer. You can also make a complaint about the company with the Securities and Exchange Board of India and the Company Law Board.