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Taxbuzz | Exemption in respect of financial assistance for Covid-19 victims June 30, 2021
Published in: TaxBuzz
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent Press Release of the CBDT announcing income-tax exemption in respect of financial assistance received by taxpayers for expenses incurred towards medical treatment of Covid-19 and by families of those unfortunate taxpayers who lost their lives due to Covid-19.
The decisive move by the CBDT was the need of the hour and will provide much sought-after relief to affected taxpayers and families of the deceased, by exempting from tax, financial assistance received in that behalf.
To read the TaxBuzz, click at the ‘Download Newsletter.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any details and clarifications, please write to:
Mr. Rohit Jain, Partner: [email protected]
Mr. Aditya Vohra, Principal Associate: [email protected]
Mr. Arpit Goyal, Associate: [email protected]
