Hospitals exempted from cash payments above Rs 2 lakh from Kovid patients

The federal government has allowed hospitals, dispensaries and covid care facilities treating Kovid-19 an infection to just accept money funds of greater than two lakh rupees from sufferers or their dependents. This exemption can be relevant until 31 Could. The Central Board of Direct Taxes (CBDT) has issued a notification on this regard. For this, the hospital has to make a copy of the PAN and Aadhaar card of the affected person and the payer and the knowledge between the 2.

The CBDT stated, ‘The Central Authorities .. makes it clear that the remedy of hospitals, dispensaries, nursing houses, covid care facilities or different medical amenities of a covid affected person in relation to Part 269 ST of the Earnings Tax Act 1961 from 1 April 2021 to 31 Could 2021 Until the money cost, the details about the connection between the affected person and the individual paying on his behalf, PAN or Aadhaar and the affected person pays.

Shailesh Kumar, associate of Nangia LLP, stated that within the present circumstances, many hospitals and nursing houses ask for cost for remedy of Kovid 19 in money however greater than two lakhs will not be allowed to be paid in money underneath the Earnings Tax Act.

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