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

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..... 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 the aggregate value of such sum shall be the income of the person receiving such sum. However, certain exceptions have been provided in the clause for transaction specified therein. 2. Clause (2) of section 17 of .....

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..... ed that the exemption shall be allowed without any limit for the amount received from the employer and the exemption shall be limited to ₹ 10 lakh in aggregate for the amount received from any other persons. 4. In order to provide the relief as stated in the press statement, it is proposed to amend clause (2) of section 17 and to insert a new sub-clause in the proviso to state that any su .....

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..... alf, shall not be the income of such person; (ii) any sum of money received by a member of the family of a deceased person, from the employer of the deceased person (without limit), or from any other person or persons to the extent that such sum or aggregate of such sums does not exceed ten lakh rupees, where the cause of death of such person is illness relating to COVID-19 and the payment is, .....

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