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News INCOME TAX

  • Aug 08, 2022
  • New Income Tax exemption rules for expenses on Covid-19 treatment: Check conditions and documents required

    Income Tax exemption for Covid-19 treatment: The Central Board of Direct Taxes (CBDT) recently notified new conditions and a form for claiming exemption against expenses on Covid-19 treatment.

    As per the notification dated 5 August 2022, you will have to submit certain documents to your employer and a form to the income tax department to claim tax exemption on money received from an employer or relatives for Covid-19 treatment.