No tax deduction is available on fee paid to college outside India

Rustam Vohra

Section 80C (xvii) of the Income-Tax Act, 1961, provides for deduction on tuition fee payment, provided such fee is paid to any university, college, school or other education institution within India. As you are paying tuition fee to a university/college outside India, you will not be eligible to claim any tax deduction.

I have earned long-term capital gain on the sale of unlisted shares. I want to invest the entire gains in a residential house to save capital gains tax. As I am living with my parents, I will let out the new house. I don’t own any other house. Can I claim tax exemption even if I let out the property?

BM Mahesh

As per Section 54F of the IT Act, an exemption from long-term capital gains is available if the gains are invested in a residential house property. The Section specifies the acquisition of a residential property and does not talk about its utilisation for own purpose. As such, there is no requirement to use such a house property for own residential purposes for claiming the deduction under Section 54F.

My father is suffering from chronic renal failure and I have incurred about R80,000 till date on his medical treatment this year. Can I claim tax deduction on such a medical expenditure?

Suman Arora

The expenditure incurred on medical treatment by

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