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Monday, January 17, 2022

The hospital is making more than 2 lakh cash payments, so this number has to be told, the government gave the information

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The Central Board of Direct Taxes (CBDT) denied the report via tweet, saying that it has not issued any circular stating that the income tax department should give information about the cash amount received by the hospitals.

Currently, it has been implemented for the next three years.

The Income Tax Department said that the decision to allow hospitals, hospitals and COVID care centers to accept more than Rs 2 lakh in cash from patients or their families is aimed at making things easier for the affected people during the time of pandemic. is. The Central Board of Direct Taxes (CBDT) denied the report via tweet, saying that it had not issued any circular stating that hospitals would have to inform the Income Tax Department about the cash amount received.

Have to give PAN or Aadhaar

The Income Tax Department wrote on Twitter, CBDT has made things easier for patients during the epidemic. While exempting the provision of Section 269ST of the Income Tax Act, hospitals have been allowed to pay more than Rs 2 lakh for treatment of COVID. This exemption is given on the condition that the payer’s PAN or Aadhaar should be made available.

You can pay 2 lakh cash till 31 May

Explain that last week, the CBDT has allowed hospitals, hospitals and covid care centers to take payments in excess of Rs 2 lakh cash from patients or their relatives till 31 May. However, for this it is necessary that the units get the Aadhaar or PAN of the patient and the payee. Also, information about the relationship between them should also be sought.

read this also- In Corona crisis, EPFO ​​is giving 7 lakh death insurance to its subscribers for free, know here the answer to your questions

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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