Notification No. 56/2021 [F. No. 225/58/2021-ITA.II] / S.O. 1803(E)

Last updated: 12 May 2021

Save Share

Quick Summary

The Central Government has issued a notification regarding Section 269ST of the Income-tax Act, 1961. This notification specifies that hospitals, dispensaries, nursing homes, and Covid care centres providing treatment for Covid-19 are subject to certain rules for cash payments received between 1st April 2021 and 31st May 2021. These medical facilities must obtain the PAN or AADHAAR of both the patient and the payee, as well as confirm the relationship between them.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th May, 2021 (INCOME-TAX) S.O. 1803(E).The Central Government, in exercise of powers conferred by clause (iii) of Provisoto Section 269ST of the Income-tax Act, 1961, hereby specifies Hospitals, Dispensaries, Nursing Homes,Covid Care Centres or similar other medical facilities providing Covid treatment to patients for thepurpose of Section 269ST of the Income-tax Act,1961 for payment

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

The notification specifies that certain medical facilities providing Covid treatment are subject to specific rules under Section 269ST of the Income-tax Act for cash payments received during a particular period.

Hospitals, dispensaries, nursing homes, Covid Care Centres, and similar medical facilities providing Covid treatment are covered.

These rules apply to cash payments received from 1st April 2021 to 31st May 2021.

They must obtain the PAN or AADHAAR of the patient and the payee, and also record the relationship between them.

Section 269ST of the Income-tax Act, 1961 is relevant to this notification.

Notification No : 56/2021
Source : https://www.incometaxindia.gov.in/communications/notification/notification_56_2021.pdf

201 Views Comment Share Income Tax Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments