According to the Limit in section 269ST of IT Act relaxed, from 01.04.2021 to 31.05.2021. PAN AADHAAR required the hospitals or medical facilities that are giving treatment to covid-19 patients can take cash payments exceeding Rs 3 lakh.
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01st January 2023
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The government is giving aid that is enabling the medical facilities to receive the payment in cash as of the present covid crises. This has been implemented as enabling the hospital and clinics to receive the cash or more makes the process of treatment easier and faster.
Hospitals, Dispensaries, Nursing Homes, Covid Care Centres, or similar other medical facilities providing Covid treatment to patients can take cash payments for the persistence of Section 269ST of the Income-tax Act,1961 from 01.04.2021 to 31.05.2021 below the notification No. 56/2021-Income Tax Dated: 7th May 2021.
Under the provision of section 269ST of Income-tax Act,1961 providing the aid towards the severe covid pandemic that has been relaxed through the central govt. It permits the Hospitals/Medical facilities implementing Covid treatment to patients to sustain cash payments of Rs. 2 lakh or exceeds.
Concession is given towards the period 01.04.2021 to 31.05.2021, following getting PAN or AADHAAR of patient & the payer. Notification No.56/2021 in S.O. 1803(E) on 07.05.2021 published.
Income Tax Notification No. 56/2021
“S.O. 1803(E).—The Central Government, in the 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 Centres or similar other medical facilities.”
