Cash payments above Rs 2 lakh allowed for patients in Covid hospitals

Date:

The Centre has relaxed rules, to allow hospitals and nursing homes accept cash payments in excess of Rs 2 lakh for treatment of Covid patients from April 1 to May 31, 2021.

A notification by the Department of Revenue states that under Section 269 ST of the Income Tax Act, 1961, hospitals, nursing homes, dispensaries, Covid care centres or similar other medical facilities are allowed to take benefit of the provision.

The hospitals will have to obtain the PAN or Aadhaar of the patient and the payee and the relationship between the patient and the payee for this provision.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

CLARITY Act Explained: What It Is and How It Could Reshape Crypto

For more than a decade, the US crypto industry...

Mandaadi Picks Up Strongly on Day 2; Massive Weekend Ahead

Kollywood’s latest sports action drama Mandaadi, featuring Soori and...

Sardar 2 Sinks Further on Day 2

Karthi returned with Sardar 2, the sequel to his...

Vishwambhara to Arrive in Place of Kaaka?

Megastar Chiranjeevi’s Vishwambhara has been in the news for...