CBDT exempts hospitals from penalty provisions for accepting cash in excess of INR 2 lakhs for COVID treatment

The CBDT has exempted Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other medical facilities providing Covid treatment from provisions of section 269ST of the Income Tax Act 1961 for cash payments received in excess of INR 2 lakhs during 1st April 2021 – 31st May 2021. These entities need to obtain the PAN or AADHAAR of the patient and the payee and the relationship between the patient and the payee.

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