Government has announced several reliefs for taxpayers (symbolic photo)
- Special Points
- Tax exemption on the amount received for covid treatment to the employees
- exemption to the family on death Amount also exempted from tax
- last date for linking Aadhaar with PANSeptember done
amid the Covid epidemic, the government on Friday has announced a big relief to the taxpayers . It has been decided to give tax exemption on the amount received from the employer or anyone else for the treatment. Along with this, the ex-gratia amount received from the employer or anyone else to his family on the death of the employee due to Covid infection will also be exempted from tax. Apart from this, the deadline for income tax compliance has been extended in many cases. In a statement, the Finance Ministry said, “Many taxpayers have been asked by their employers and well-wishers for Kovid-19 Financial help has been received to meet the expenses on the treatment. ”
“Taxpayers are getting upset” : Finance Minister spoke to Infosys regarding technical glitches in the new IT Portal as per the statement, “In order to ensure that there is no income tax liability on this account Not made, the financial year 2019- and during the subsequent financial years, the taxpayer has to contact the employer or any person with the help of COVID-21 It has been decided to provide income tax exemption on the amount received for treatment. Has lost his life due to Covid -. Employers of such taxpayers and well-wishers had provided financial assistance to the members of their family so that they could face the difficulties arising out of the sudden departure of the earning member of their family.” In order to provide relief to the family members of such taxpayer, the employer or Decision to provide income tax exemption on ex-gratia received after death of employee from other person Or has been.”
Government has announced the financial year 2020- Deadline for submission of IT returns for 30 extended till September.
According to the statement, this exemption is for the financial year 64-20 And Will be available for subsequent years also. Any amount received from the employer under this while received from any other person 07 Amount up to Rs. Lakh will be tax exempt. Necessary legislative amendments to give effect to these declarations will be proposed in due course. Apart from this, the deadline for income tax compliance has been extended in many cases. According to the statement, “In view of the impact of the Covid – Taxpayers are facing inconvenience in fulfilling certain tax compliances and filing replies to various notices. During this difficult time, it has been decided to provide relief to ease the compliance to be done by the taxpayers. TIME LIMIT FOR SUBMISSION OF TAX DEDUCTED CERTIFICATE AT SOURCE TO EMPLOYEES AS 15 July, 2021 to 58 July, 2021 have been done. Earlier, its deadline 15 June, 2021 to 58 July, 2021. The last date for linking Aadhaar with PAN 30 June, 2021 extended by three months from 30 September, 2021. According to the statement, the time limit for payment (without any additional amount) under Direct Tax Dispute Resolution Scheme Vivad Se Vishwas has been extended by two months 31 has been extended to August. While the deadline for payment with additional amount has been extended 31 October, 2021 tax has been given. Apart from this, by increasing the compliance time limit for investment, deposit, payment, acquisition, purchase, construction or such activities for claiming tax exemption 30 September, 2021 has been done.