Income Tax Exemption for treatment of COVID-19

Income Tax Exemption for treatment of COVID-19

केंद्र सरकार ने वित्तीय वर्ष 2019-20 और उसके बाद के वर्षों के दौरान किसी नियोक्ता या किसी व्यक्ति से COVID-19 के इलाज के लिए करदाता द्वारा प्राप्त राशि पर आयकर छूट प्रदान करने का निर्णय लिया है।

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
RAJYA SABHA
STARRED QUESTION NO: 16

ANSWERED ON- 20.07.2021

INCOME TAX EXEMPTION FOR COVID-19 TREATMENT

*16. SHRI SANJAY SETH:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government has decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from an employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years and, if so, the details thereof and the aims and objective behind the move; and

(b) whether Government has also extended some key tax compliance deadlines due to impact of COVID-19 pandemic and, if so, the details thereof?

ANSWER

FINANCE MINISTER
(SHRIMATI NIRMALA SITHARAMAN)

(a) & (b): A statement is laid on the table of the House.

Statement referred to in the reply to the Rajya Sabha Starred Question No. 16 raised by Sh. Sanjay Seth regarding “Income tax exemption for COVID-19 treatment”

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(a) Yes Sir, the Government has decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from an employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years. The aim of this exemption is to provide relief to taxpayers who suffered on account of COVID-19 and had to incur expenditure for medical treatment of COVID-19 after taking help from employer or any person.

(b) Yes Sir, the Government has extended various key tax compliance deadlines under both direct taxes and indirect taxes due to impact of COVID-19 pandemic. The details of these extended timelines is provided at Annexure.

Click here to view/download the Annexure

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