Samadhan s success hinges on waiver, penalty
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vivad se vishwas scheme: Government nets Rs 53,684 crore from Vivad Se Vishwas scheme so far
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Rs 99,756 cr disputed tax amount settled under Vivad Se Vishwas scheme, says MoS finance
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Centre exempts tax on COVID-19 treatment, death Ex-gratia payments received from employers by the families of employees who lost their lives to COVID-19 would be exempt from income tax in FY20 and subsequent years, CBDT said in a statement The decsion taken by the finance ministry is likely to allay the buden of expenses incurred towards COVID-19 treatment | Picture for Representation BusinessToday.In
Updated Jun 26, 2021, 10:19 AM IST
The Centre has exempted tax on costs incurred during COVID treatment of an employee - borne by employers or any other person - for FY20 and later.
The government has also extended deadlines for several income tax compliances. Additionally, ex-gratia payments received from employers by the families of employees who lost their lives to COVID-19 would be exempt from income tax in FY20 and subsequent years, the finance ministry notified on Friday.