A. Tax Exemption
Income-tax exemption provided for amounts received by taxpayers for COVID-19 medical treatment from employers or others (FY 2019-20 onward), with no limit for employer-provided amounts and a cap of Rs. 10 lakh in aggregate for amounts from other persons in respect of ex-gratia payments to family members on death due to COVID-19.
B. Extension of Timelines (Notifications 74/2021 & 75/2021, Circular 12/2021, all dated 25 June 2021)
- DRP/AO objections under section 144C: last date extended to 31st August 2021
- TDS statement for Q4 FY 2020-21: extended to 15th July 2021
- Form 16 TDS certificate: extended to 31st July 2021
- Form 64D (investment fund statement) for PY 2020-21: extended to 15th July 2021
- Form 64C (investment fund statement) for PY 2020-21: extended to 31st July 2021
- Form 10A/10AB (trust/institution registration under sections 10(23C), 12AB, 35(1)(ii)/(iia)/(iii), 80G): extended to 31st August 2021
- Compliances for exemption under Sections 54 to 54GB (falling due 1 April–29 Sept 2021): extended to 30th September 2021
- Form 15CC quarterly statement (remittances, quarter ending 30 June 2021): extended to 31st July 2021
- Equalisation Levy Statement Form 1 for FY 2020-21: extended to 31st July 2021
- Form 3CEK annual statement (eligible investment fund) for FY 2020-21: extended to 31st July 2021
- Form 15G/15H uploads for quarter ending 30 June 2021: extended to 31st August 2021
- Option to withdraw pending Settlement Commission application (Form 34BB): extended to 31st July 2021
- Aadhaar-PAN linkage under section 139AA: extended to 30th September 2021
- Vivad se Vishwas payment (without additional amount): extended to 31st August 2021
- Vivad se Vishwas payment (with additional amount): notified as 31st October 2021
- Time limit for assessment order: extended to 30th September 2021
- Time limit for penalty order: extended to 30th September 2021
- Time limit for processing Equalisation Levy returns: extended to 30th September 2021