Govt allows cash payment of over 200k for treatment

The Income Tax Department has issued a notification allowing hospitals and nursing homes to accept cash payments of 200,000 and more for the treatment of Covid-19 patients. The Central Board of Direct Taxes issued the notification on Friday. It said hospitals, dispensaries, nursing homes, Covid care centres or similar other medical facilities providing Covid-19 treatment to patients are being “specified for the purpose of section 269ST of the Income Tax Act”. The notification said the latest provision is being made for a period between April 1-May 31 “on obtaining the PAN or Aadhaar of the patient and the payee and the relationship between the patient and the payee” by such hospitals or Covid care centres. —