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Centre exempts tax on COVID-19 treatment, death Ex-gratia payments received from employers by the families of employees who lost their lives to COVID-19 would be exempt from income tax in FY20 and subsequent years, CBDT said in a statement The decsion taken by the finance ministry is likely to allay the buden of expenses incurred towards COVID-19 treatment | Picture for Representation BusinessToday.In Updated Jun 26, 2021, 10:19 AM IST The Centre has exempted tax on costs incurred during COVID treatment of an employee - borne by employers or any other person - for FY20 and later.   ...

Highlights The last date to link PAN-Aadhaar cards is now September 30, 2021. The last date for filing direct tax under the Vivad Se Vishwas scheme has been extended till August 31. Ex-gratia payments paid by an employer to family members of an employee who died due to COVID-19 would be tax free. New Delhi: The Indian government on Friday (June 25) announced a slew of measures aimed at providing a sigh of relief to taxpayers reeling under the COVID-19 pandemic. For starters, the government has extended the deadlines for several deadlines for Income Tax compliances, including the last date t...

India on Monday notified a revenue threshold of Rs 2 crore and a limit of 300,000 users for non-resident technology firms such as Google, Facebook, Netflix, to pay tax in India under new or revised bilateral tax pacts. This is part of the Significant Economic Presence (SEP) principle, which was introduced in the Finance Bill 2018-19, and which widened the scope of ‘business connection’ to include provision of download of data or software, if aggregate payments from such transactions exceed a prescribed amount, or if a multinational's interaction is with a prescribed number of users. �...

Read more about Google tax: American IT and steel lobbies back action against India on Business Standard. The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax

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