“The Central Government …. hereby specifies Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or related different medical amenities offering Covid therapy to sufferers for the aim of Section 269ST of the Income-tax Act,1961 for fee acquired in cash throughout April 1, 2021, to May 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.
Nangia & Co LLP Partner Shailesh Kumar stated within the current state of affairs, numerous hospitals/ nursing houses have been demanding fee in cash for therapy of COVID-19. However, revenue tax regulation doesn’t allow cash payments past Rs 2 lakh as per Section 269ST.
“Considering the extraordinary pandemic state of affairs, the place saving life of individuals is most vital, contemplating the real hardship of individuals, the Government has issued current notification permitting individuals to make cash fee for therapy of COVID even past this restrict.
“The notification is relevant for all cash payments made on/ after 1st April 2021 until thirty first May 2021,” Kumar added.