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Tax exemption on amount received for Kovid treatment, tax income tax compliance deadline extended


According to the statement, the payment deadline under the Direct Tax Disputes Resolution Scheme Vivad Se Vishwas has been extended by two months to August 31. At the same time, the last date for linking PAN-Aadhaar has been extended by three months to 30 September 2021.

New Delhi. Government On Friday, announced a big relief to the taxpayers. employees under COVID-19 Tax exemption will be given on the amount received from the employer or anyone else for the treatment. Also, the ex-gratia amount received by the employer related to the family on the death of the employee due to Kovid infection will also be exempt from tax. Apart from this, the deadline for income tax compliance has been extended. The Income Tax Department gave this information in a statement.

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The department said that the employees will get tax exemption on the amount received from the employer or anyone else for the treatment of Kovid-19. Along with this, the ex-gratia amount received by the employer or the family related to someone else on the death of the employee due to Kovid infection will also be tax exempt. According to the statement, the payment deadline under the Direct Tax Disputes Resolution Scheme Vivad Se Vishwas has been extended by two months to August 31. At the same time, the last date for linking PAN-Aadhaar has been extended by three months to 30 September 2021. The deadline for employers to issue Tax Deduction Certificate at Source in Form 16 to employees has been extended from July 15, 2021 to July 31, 2021.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.

note:We are fully participating in India’s fight against corona virus. In this difficult time, while fulfilling our responsibility fully, it is our every effort that only news based on facts should be published. We are also in self-discipline and following all the rules issued by the government is also our first priority.

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