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.
Unlike, as alleged in the report, CBDT has acted to facilitate patients during this pandemic. Provisions of section 269ST of ITAct have been relaxed to allow cash payments of more than Rs. 2 lakh to hospitals for Covid treatment if the PAN or Aadhaar of the payer is provided(3/3)
— Income Tax India (@IncomeTaxIndia) May 11, 2021
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.
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