{"id":20855,"date":"2021-05-11T13:39:46","date_gmt":"2021-05-11T08:09:46","guid":{"rendered":"https:\/\/plyinsight.com\/?p=20855"},"modified":"2021-06-02T12:54:00","modified_gmt":"2021-06-02T07:24:00","slug":"cash-is-admissible-in-covid-expenses","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/cash-is-admissible-in-covid-expenses\/","title":{"rendered":"Cash is admissible in Covid Expenses"},"content":{"rendered":"<p><strong>The Central Board of Direct Taxes (CBDT) has said that hospitals, nursing homes, Covid care centres, or similar medical facilities providing treatment for\u00a0coronavirus\u00a0can accept cash payment of Rs 2 lakh or more till May 31. This can be done only after receiving valid identity proof such as\u00a0PAN\u00a0card or\u00a0Aadhaar\u00a0of the patient and by informing about the relationship between the patient and the payee.<\/strong><\/p>\n<p>At present, the I-T Act restricts any person from receiving an amount of Rs 2 lakh or more in cash, from a person in a day, in respect to a single transaction or in respect to transactions relating to one event or occasion from a person. In case of violation, it attracts 100 per cent penalty on the amount taken in cash.<\/p>\n<p>The tax department is of the opinion that the exemption would help patients get timely treatment and also encourage transparent billing by hospitals in case of cash receipt. Tax experts, however, feel that such caveats may discourage people from helping critical patients out of fear of getting scrutinised later by the tax department.<\/p>\n<p>The circular allows people to pay hospital bills in cash but they may have to explain the source, if income later doesn&#8217;t match with the returns of the payer. Also, it may create confusion as there could be cases where not one but many relatives will be contributing for the treatment of one patient.<\/p>\n<p>Section 269SS and 271D of I-T the Act (deals with cash payments and penalty) was introduced by the government in 2017, post note ban, to discourage black money generation.<\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><span style=\"color: #993300;\"><strong>\u0915\u094b\u0935\u093f\u0921 \u0916\u0930\u094d\u091a \u0915\u0947 \u0932\u093f\u090f \u0928\u0915\u0926 \u092d\u0941\u0917\u0924\u093e\u0928 \u0915\u0940 \u0905\u0928\u0941\u092e\u0924\u093f<\/strong><\/span><\/h3>\n<hr \/>\n<p><strong>\u0915\u0947\u0902\u0926\u094d\u0930\u0940\u092f \u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u0915\u0930 \u092c\u094b\u0930\u094d\u0921 (\u0938\u0940\u092c\u0940\u0921\u0940\u091f\u0940) \u0928\u0947 \u0905\u0938\u094d\u092a\u0924\u093e\u0932\u094b\u0902, \u0928\u0930\u094d\u0938\u093f\u0902\u0917 \u0939\u094b\u092e, 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This can be done only after receiving valid identity proof such as\u00a0PAN\u00a0card or\u00a0Aadhaar\u00a0of the patient and by informing about the [&hellip;]<\/p>","protected":false},"author":1,"featured_media":20857,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1218,1221],"tags":[1025,1146,497,984,461,1145,1086],"class_list":["post-20855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-may-2021","category-may-news-2021","tag-business","tag-cash-is-admissible","tag-corona-crisis","tag-covid","tag-covid-19","tag-expenses","tag-vaccine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cash is admissible in Covid Expenses - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/cash-is-admissible-in-covid-expenses\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash is admissible in Covid Expenses - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The Central Board of Direct Taxes (CBDT) has said that hospitals, nursing homes, Covid care centres, or similar medical facilities providing treatment for\u00a0coronavirus\u00a0can accept cash payment of Rs 2 lakh or more till May 31. 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