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

[DR.MARIAPPAN GOVINDARAJAN]

Whether such expenses is covered under Rule 2BB of Income Tax Rules?

AI Summary

Hostel allowance exemption: can rent receipts for private student accommodation qualify for income tax relief? Whether an employer may accept rent receipts for employees' children who live in rented accommodation while studying away from the workplace city in order to grant an exemption under the income tax provisions governing hostel or accommodation allowances.