Hospitals allowed to take cash payments of over Rs 2 lakh

The federal government has allowed hospitals, dispensaries and Covid care centres to just accept money funds in extra of Rs 2 lakh from sufferers or kin until Could 31.

The Central Board of Direct Taxes issued a notification saying such entities could be required to acquire PAN or Aadhaar of the affected person and the payee and likewise the connection between them. “The Central Authorities …. hereby specifies Hospitals or comparable different medical amenities offering Covid remedy to sufferers for the aim of Part 269ST of the Earnings-tax Act,1961 for fee obtained in money throughout April 1, 2021, to Could 31, 2021, on acquiring the PAN or AADHAAR of the affected person and the payee and the connection between the affected person and the payee…,” the CBDT stated.

Source link