Budget 2022: Exemption of amount received for medical treatment and on account of death due to COVID-19

Last updated: 01 February 2022

1. Clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 (the Act) inter alia, provides that where any person receives, in any previous year, from any person or persons any sum of money, without consideration, the aggregate value of which exceeds fifty thousand rupees, the whole of

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Category Union Budget   Report

Comment   Share
  1293 Views
Comments

Recent News :

  1. ED Arrests Two CAs in Rs 641 Crore Cyber Fraud and Money Laundering Case Under PMLA
  2. Charitable Trusts Oppose Mandatory Irrevocable Clause for Tax Exemption Registration
  3. Himachal CM Flags Rising Budget Pressure, Seeks Restoration of Revenue Deficit Grant
  4. BCAS Flags Concerns Over Finance Bill 2026 Proposals on SGB Taxation, Dividend Rules and TDS Norms
  5. GST Regime Has Eroded States' Financial Freedom: 7th State Finance Commission Chairman
  6. New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide
  7. Fino Payments Bank Clarifies GST Probe, Denies Any Tax Evasion
  8. Rahul Gandhi Demands Rollback of Tax on Disability Pensions, Seeks Higher ECHS Budget from FM Sitharaman
  9. India's Real GDP Grows 7.6% in FY 2025-26 Under New Base Year Series Released by MoSPI
  10. CBIC Notifies Guidelines for Eligible Manufacturer Importer Scheme, Facility from 1st April 2026

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us


Browse by Category