I have received children education and hostel allowance @Rs500/-pm each for three children. If No child is staying in the hostel, Can I avail the exemption of Hostel allowance in Income tax return? any notifications /judgement /clarification plz tell me. Is staying in hostel is compulsary for availing the exemption of hostel allowance @Rs300/- per month per child maximum for two child.u/s 10(14)ii read with 2BB.
in exam you claim for number of children in hostel ie one and give a note what sec 10(14)(ii) says and why you chose to deduct for one person.
but 10 (14) (ii) the explanations says you don't need any proof for allowances claimed under that clause