Amount received from the employer or any other person of the deceased on Death due to COVID-19 - Addition u/s 56(2)(x). - 92/2022 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 92/2022 New Delhi, the 5th August, 2022 S.O. 3705(E). - In exercise of the powers conferred by clause (XIII) of the first proviso to clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby specifies the following conditions, namely:- 1. (i) the death of the individual should be within six months from the date of testing positive or from the date of being clinically determined as a COVID-19 case, for which any sum of money has been received by the member of the family; (ii) the family member of the individual shall keep a record of the following documents, - (a) the COVID-19 positive report of the individual, or medical report if clinically determined to be COVID-19 positive through investigations in a hospital or an inpatient facility by a treating physician; (b) a medical report or death certificate issued by a medical practitioner or a Government civil registration office, in which it is stated that death of the person is related to corona virus disease (COVID-19). 2. Statement of any sum of money received by a member of the family of a deceased person from the employer of the deceased person or from any other person or persons, on account of death due to COVID-19 for the purposes of clause (XIII) of the first proviso to clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 shall be verified and furnished in Form A. 3. The details of the amount received in any financial year shall be furnished in Form A to the Assessing Officer within nine months from the end of such financial year or 31.12.2022 whichever is later. Form A: S. No. 1. Name: 2. Address: 3. Permanent account number: 4. Relationship of the recipient with the deceased person: 5. Details of diagnosis of being positive for COVID-19 Dd/mm/yyyy; S.No./ Id No. of the medical report/ test report 6. Details of death due to COVID-19 and a medical report or death certificate issued by a medical practitioner or a Government civil registration office, in which it is stated that death is related to corona virus disease (COVID-19): Dd/mm/yyyy; S.No./ Id No. of the medical Report 7. Amount received- (a) from the employer of the deceased: (b) from other person or persons: 8. Name, address and PAN of the employer of the deceased: 9. Previous year in which the amount has been received: 10. Amount received from the employer: (In Rs) 11. Name, address and PAN of the other person/persons: 12. Previous year in which the amount has been received: 13. Amount received from other person/ persons: (In Rs) 14. Total amount received (11+13) (In Rs) Declaration I, __________________________________________________________________ (Name in full and in block letters) son/daughter/wife of __________________________________________ do hereby declare that: To the best of my knowledge and belief whatever is stated in the above columns including the documents attached supporting the statement is correct and complete. I further declare that during the previous year .mm/dd/yyyy the total amount received by me is solely on account of death of my family member due to COVID-19. Place: Date: Yours faithfully, Signature . . Name Designation 4. This notification shall be deemed to have come into force from the 1st day of April, 2020 and shall apply in relation to the assessment year 2020-2021 and subsequent assessment years. [F. No. 370142/31/2022-TPL (Part-2)] UMME FARDINA ADIL, Under Secy., Tax Policy and Legislation Division Note : It is certified that no person is being adversely affected by granting retrospective effect to this notification