The Ministry of Finance has issued a press release today evening announcing tax exemption on tax exemption for expenditure on
COVID-19 treatment and ex-gratia received on death due to COVID-19 by way of a press release and have issued notifications for extension of various times lines.

Tax Exemption on Covid-19 Expenditure and Ex-Gratia

  • Exemption of the amount received by a taxpayer for medical treatment from employer or from any person for treatment of COVID-19 during FY 2019-20 and subsequent years.
  • Exemption of without any limit on amount received as ex-gratia from employer on death of an employee due to covid-19 to his/her family members.
  • Exemption up to Rs.10 Lakhs on amount received as ex-gratia from any person other than employer on death of a person due to covid-19 to his/her family members.

Major Timeline Extensions

  • Statement of deduction of tax for Q4 F.Y.2020-21 in forms 24Q, 27Q, 26Q, for which earlier deadline was 30th June 2021, is now extended to 15th July 2021.
  • Form 16 furnishable to Employees for which earlier deadline was 15th July 2021, is now extended to 31st July 2021.
  • Application under Section 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of the Act in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., required to be made on or before 30th June, 2021, may be made on or before 31st August, 2021.
  • Uploading of declarations of Form No.15G/15H during Q1 F.Y.2021-22 can be uploaded by 31st August 2021.
  • Last date of linkage of Aadhaar with PAN under section 139AA of the Act, which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
  • Last date of payment of amount under Vivad se Vishwas (without additional amount) which was earlier extended to 30th June, 2021 is further extended to 31st August, 2021.
  • Last date of payment of amount under Vivad se Vishwas (with additional amount) has been notified as 31st October, 2021.

Detailed note, can be viewed in the attachment below.


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