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of <h1>CBDT Sets Rules for Tax Exemption on COVID-19 Death Benefits; Form A Submission Required by December 31, 2022.</h1> The notification by the Central Board of Direct Taxes specifies conditions under which sums received by family members of individuals who died due to COVID-19 are addressed under the Income-tax Act, 1961. It mandates that the death occur within six months of a positive COVID-19 test or clinical determination. Family members must maintain records, including COVID-19 reports and death certificates. Any sums received from employers or others due to such deaths must be reported using Form A, submitted to the Assessing Officer within nine months of the financial year's end or by December 31, 2022. This notification is effective from April 1, 2020, impacting assessment years from 2020-2021 onwards.
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