Latest News | Allowing Cash Payments of over Rs 2 Lakh to Hospitals Aimed at Facilitating COVID Patients: CBDT
Get latest articles and stories on Latest News at LatestLY. The Income Tax department on Tuesday said its decision to allow hospitals, dispensaries and COVID care centres to accept cash payment in excess of Rs 2 lakh from patients or their kin has helped to facilitate patients during the pandemic.
New Delhi, May 11 (PTI) The Income Tax department on Tuesday said its decision to allow hospitals, dispensaries and COVID care centres to accept cash payment in excess of Rs 2 lakh from patients or their kin has helped to facilitate patients during the pandemic.
Refuting reports, the Central Board of Direct Taxes (CBDT) in a series of tweet clarified that it has not come out with any Circular where hospitals need to disclose the cash they receive to the I-T Department.
"CBDT has acted to facilitate patients during this pandemic. Provisions of section 269ST of IT Act have been relaxed to allow cash payments of more than Rs 2 lakh to hospitals for Covid treatment if the PAN or Aadhaar of the payer is provided," the I-T department tweeted.
The CBDT had last week allowed hospitals, dispensaries and COVID care centres to accept cash payment in excess of Rs 2 lakh from patients or their kin till May 31. However, such entities were required to obtain PAN or Aadhaar of the patient and the payer of the bill and also obtain the relationship between them.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)