Saturday, August 6, 2022

CBDT issues conditions, forms to get income tax exemption on covid 19 help money

The Central Board of Direct Taxes (CBDT) has asked the family members who received ex-gratia from an employer of the deceased employee or any other financial help from relatives to submit a form within a deadline as applicable to them. If this form is not submitted, then the family member cannot claim income tax exemption on the money received due to the death of the individual by covid-19.

from Tax-Wealth-Economic Times https://ift.tt/tADiP2E

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