Easing Income Tax Norms, Centre Allows Cash Payment Of Rs 2 Lakh For COVID Treatment

This exemption for receiving cash payment of over Rs 2 lakh amid COVID-19 treatment is made only for the period between April 1-May 31, 2021, said the Income Tax department.

In order to provide relief amid the ongoing second wave of the COVID-19 pandemic in the country, the Income Tax (I-T) department announced that hospitals and nursing homes can now accept cash payments of Rs 2 lakh or more for the treatment of coronavirus-infected patients till May 31, 2021. (Also Read: Income Tax Compliance Deadlines Extended Amid New COVID-19 Wave ) 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.(1/2) pic.twitter.com/d6AZtqJPKM In a recent notification, the I-T department said that hospitals, nursing homes, COVID care centres, or similar other medical facilities providing treatment for coronavirus can accept cash payment of Rs 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.