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Hospitals to accept CASH over 2 Lacs by relaxing Section 269ST: CBDT

Govt vide Notification No. 56/2021-Income Tax Dated: 7th May, 2021 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.

Granting further relief in view of severe Covid pandemic, provisions of section 269ST of Income-tax Act,1961 relaxed by the Central Govt. Allows Hospitals/Medical facilities etc providing Covid treatment to patients to receive cash payments of Rs. 2 lakh or more.

Relaxation granted for the period 01.04.2021 to 31.05.2021, after obtaining PAN or AADHAAR of patient & the payer. Notification No.56/2021 in S.O. 1803(E) dt 07.05.2021 issued.

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