Big relief to taxpayers, says Anurag Thakur - Those who help treat Kovid will get tax exemption

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New Delhi, 25 June 2021 Friday

Anurag Thakur said that in the case of FY 2019-20 and subsequent FY, if an employer pays money to an employee or another person for treatment of Covid 19, the recipient will be exempted from tax on that amount. .

Similarly, in the event of death due to Covid-19 in the financial year 2019-20, in case of ex gratia payment made by the employer to the family of the employee or any other person to the family of the other, the receiving family will be exempted from tax on this. But the condition is that the limit of ex gratia payment given by one person to another person's family should be Rs 10 lakh. However, there is no limit to the ex gratia payment received from the employer.

Apart from this, the government has extended the last date for linking Aadhaar with PAN by three months to September 30. The government extended several tax-related deadlines for tax deductions, including investments in residential buildings, payments under the Dispute Resolution Scheme.

He said the deadline for compliance has been extended to 15 days-2 months or more. The deadline for filing TDS details has been extended from July 15. To issue a certificate of tax deduction by July 1, the registration of organizations has been extended to August 31 and the option to withdraw the case from the conciliation commission has been extended to July 31.

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