Government allows cash payment of over Rs 2 lakh for Covid treatment in hospitals

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The Income Tax Department issued a notification on Friday allowing hospitals and nursing homes to accept cash payments of Rs 2 lakh and above for the treatment of patients infected with the coronavirus.

The Central Commission for Direct Taxes (CBDT), which sets policy for the department, issued the notification.

He said hospitals, dispensaries, nursing homes, COVID care centers or other similar medical facilities providing COVID-19 treatment to patients are “specified for the purposes of Section 269ST of the Act of income tax”.

This section prohibits any person from receiving an amount of Rs two lakh or more in cash, from any person in one day, in respect of a single transaction or in respect of transactions relating to an event or occasion of somebody.

It was introduced by the Union government in 2017 with the aim of combating black money.

The notification states that the last provision is made for a period from April 1 to May 31 “on obtaining the PAN or Aadhaar of the patient and the beneficiary and the relationship between the patient and the beneficiary” by these hospitals or centers of COVID care.

Officials said the move was aimed at eliminating difficulties faced by relatives and caregivers of coronavirus-infected patients who travel to hospitals for treatment.

The country is grappling with the onslaught of a massive wave of COVID-19 with a record of over 4.14 lakh new infections and 3,915 deaths reported within 24 hours, according to data from the Ministry of Health. Union Health updates Friday.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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