Friday, May 7, 2021

CBDT: Can pay Rs 2 lakh in cash for Covid care

The Central Board of Direct Taxes (CBDT) has recognised the issues faced by individuals who were unable to pay Covid-related hospital bills exceeding Rs 2 lakh in cash, owing to income-tax regulations that prohibited hospitals and nursing homes from accepting such large cash payments. The stringent provisions have been relaxed up to May 31.

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