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Hospitals now can accept cash above Rs 2 lakh for COVID treatment


New Delhi: Hospitals and nursing homes have been allowed to accept cash payments of Rs 2 lakh and above in return for the treatment of coronavirus-infected patients till May 31, 2021.

An Income Tax notification released yesterday said that provisions of section 269ST of Income-tax Act, 1961 relaxed by the Central Govt allowing hospitals, nursing homes, COVID care centres, or similar other medical facilities providing treatment for coronavirus to accept cash payment of ₹ 2 lakh or more after receiving valid identity proof such as PAN card or Aadhaar of the patient and the payee and the relationship between the patient and the payee by such healthcare facilities.

However, the exemption for cash payment receipt is for the period of 1st April 2021 to 31st May 2021 only.

Meanwhile, India registered a record 4,187 deaths and as many as 4, 01,078 new COVID-19 cases in the last 24 hours, as updated by the health ministry on May 8.

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TAGS:Income taxes COVID19 
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