Covid 19 IT concessions

Q & A ForumCategory: QuestionsCovid 19 IT concessions
Suresh87 asked 3 years ago
Recently IT department given some exemptions in-view of covid19 regarding payments received from any other person (well-wishers) aggregating to Rs 10 lakh will be tax exempt. Is that amount treated as gift from well wishers?How to show that amount in IT returns?
1 Answers
Sreekanth Staff answered 3 years ago
Hi, I believe that one can declare such receipts under 'Exemption income' section of ITR.
Scroll to Top