The amount spent for the treatment of COVID-19 will not be taxed, the amount received in Ex-Gratia will also be exempted

Covid-19 tax treatment waiver : The government has said that the amount spent by the employer or employees in the treatment of COVID-19 will not be taxed. The Income Tax Department has said that in the event of the death of an employee due to COVID-19, if his family members get an ex-gratia from the employer, then tax will not have to be paid on that too.

Deadline extended for settlement of tax disputes under ‘Vivad se Vishwas’ scheme

The Income Tax Department has said in a statement that the deadline for resolving tax disputes under the Vivad se Vishwas scheme has been extended by two months to 31 August. Taxpayers can pay tax with additional amount till 31st October. Earlier, the Income Tax Department has extended the PAN-Aadhaar linking deadline till 30 September 2021. Along with this, the date of giving TDS certificate to the employees by the employers has also been extended from July 15 to July 31, 2021.

PAN Aadhar Linking: The deadline for PAN-Aadhaar linking has increased again, now you can do this work till 30 September 2021

Many tax reliefs announced by the government

Union Minister of State for Finance Anurag Thakur said that if an employer spends on the COVID treatment of his employee, then that employee will not have to pay any tax. He said that if a person from outside helps another person and helps his family after death, then that family will not have to pay tax, but the limit has been fixed up to Rs 10 lakh. The government extended several tax-related deadlines for tax deduction, including investment in residential house, payment under dispute resolution scheme. The government says that there is a need to provide relief to the people in the difficult period of Corona. We are constantly trying in this direction. Some relief schemes may be announced in future also.