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Centre Mulls Relaxing Cap Of Rs 2 Lakh Cash Transaction For COVID-19 Treatment

The counsel said the issue has been raised and it was under active consideration (File) New Delhi: The Centre informed the Delhi High Court on Friday that relaxation in cap of Rs 2 lakh cash transactions for COVID-19 treatment in hospitals is under active consideration . A bench of Justices Vipin Sanghi and Rekha Palli asked the Finance Ministry counsel to apprise it of the development on Monday. The counsel said the issue has been raised and it was under active consideration and some orders are likely to be passed in this regard during the day. The high court was hearing a plea seeking suspension of Section 269ST of the Income Tax Act which puts a bar on a person from receiving an amount of Rs 2 lakh or more, other than bank cheque, draft or electronic clearing system.

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