.png)
The section 269ST restricts any person from receiving an amount of ₹2 lakh or more in cash, from a person in a day, in respect of a single transaction or in respect of transactions relating to one event or occasion from a person.
On friday the Centre informed the Delhi High Court that relaxation in cap of Rs 2 lakh cash transactions for COVID-19 treatment in hospitals is under "active consideration". Later on friday CBDT have issued notification to allow hospital, nursing homes, COVID care centres or other similar medical facilities to accept cash payments over and above the previous limit of Rs 2 lakh for COVID-19 treatments.
The notification read as follows:
The CBDT vide Notification No. 56/2021 Income-Tax, dated May 7, 2021, stated the Central Government, in exercise of powers conferred by clause (iii) of Proviso to Section 269ST of the Income-tax Act, 1961, hereby specifies Hospitals, Dispensaries, Nursing Homes,Covid Care Centres or similar other medical facilities providing Covid treatment to patients for the purpose of Section 269ST of the Income-tax Act,1961 for payment received in cash during 01.04.2021 to 31.05.2021, on obtaining the PAN or AADHAAR of the patient and the payee and the relationship between the patient and the payee by such Hospitals, Dispensaries, Nursing Homes, Covid Care Centresor similar other medical facilities.
The notification can be accessed at
Commentaires