IT norms eased: Govt permits cash payment of over Rs 2 lakh for COVID-19 Treatment at hospitals
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New Delhi: The Income Tax Department has issued a notification allowing hospitals and nursing homes to accept cash payments of Rs 2 lakh and more for the treatment of COVID-19 patients. The Central Board of Direct Taxes (CBDT), which frames policy for the department, 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".
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