Document for Hostel Charges decuction

[Pradeep Jain]

Dear Sir,

Childern of some of our employees have been studying out side from their work place city. In this connection instead of taking hostel facility provided by the college / institute they have opted for rented accmodation for stay and study. Now can we accept the rent recipt to allow the expmption under section 10 (14) (ii) read with Rule 2BB (2) of Income Tax Act for givng exeption?

Please reply

Regards

Pradeep Jain

AI Summary

Eligibility for Tax Exemption: Can Rent Receipts for Children's Accommodation Qualify Under Section 10(14)(ii) and Rule 2BB(2)? An individual inquired about the eligibility for tax exemption under Section 10(14)(ii) and Rule 2BB(2) of the Income Tax Act for employees whose children are studying away from their workplace city and have opted for rented accommodation instead of college-provided hostels. The query seeks to determine if rent receipts can be accepted for exemption purposes. The response by another participant questions whether such expenses fall under Rule 2BB of the Income Tax Rules, indicating the need for clarification on this matter.