Are you eligible to claim exemption in respect of expenditure incurred on cost of travel on tour or transfer or helper etc
Are you eligible to claim exemption
[ Refer
Section 10(14)(i)
read with
Rule 2BB(1)(a) to (c)
]
What is This?
This question relates to claiming tax exemptions for certain expenses.
Applicability
It is applicable to individuals filing ITR2 who have incurred specific expenses related to travel, tour, transfer, or for a helper.
When to Answer Yes
- You have incurred costs for travel on tour or transfer.
- You have expenses related to a helper.
- These expenses are eligible for exemption under Section 10(14)(i) read with Rule 2BB(1)(a) to (c).
Eligibility
- Individuals who have spent money on the above categories and can provide proof.
- Verify the specific conditions in Section 10(14)(i) and Rule 2BB(1)(a) to (c) to ensure eligibility.
Detailed Steps
- Review Expenses: Check if your expenses match the eligible categories.
- Check Eligibility: Ensure compliance with Section 10(14)(i) and Rule 2BB(1)(a) to (c).
- Answer Accordingly: If eligible, answer ‘Yes’ and claim the exemption; otherwise, answer ‘No’.
Section 10(14)(i) and Rule 2BB(1)(a) to (c) Explained
Section 10(14)(i)
This section of the Income Tax Act allows for exemptions on specific allowances received by an employee to meet certain expenses incurred in the performance of duties.
Rule 2BB(1)(a) to (c)
These rules specify the types of allowances eligible for exemption:
- Rule 2BB(1)(a): Travel Allowance – Exemption for travel expenses during official tours.
- Rule 2BB(1)(b): Transfer Allowance – Exemption for expenses related to transfer from one place to another.
- Rule 2BB(1)(c): Helper Allowance – Exemption for expenses incurred on a helper engaged for official duties.
Eligibility
- Applicable to employees receiving these allowances.
- Must incur and substantiate expenses as per the rules.
Summary
If you incur expenses for official travel, transfer, or employ a helper for official duties, you can claim exemptions under Section 10(14)(i) read with Rule 2BB(1)(a) to (c). Check the specific provisions and ensure you meet the criteria to claim these exemptions when filing ITR2.