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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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Relaxing cap of Rs 2 lakh in cash transaction for COVID treatment being considered, Centre tells HC


Relaxing cap of Rs 2 lakh in cash transaction for COVID treatment being considered, Centre tells HC
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Relaxing cap of Rs 2 lakh in cash transaction for COVID treatment being considered, Centre tells HCPTI
Last Updated: May 07, 2021, 06:51 PM IST
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Synopsis
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. ....

Praveenk Sharma , Kamil Khan , Vipin Sanghi , Dhananjay Grover , Rekha Palli , Manisha Gupta , Delhi High Court On , Delhi High Court , Justices Vipin Sanghi , Finance Ministry , Income Tax Act , Advocate Sacchin Puri , காமில் காந் , விபின் சங்கி , தனஞ்சய் தோப்பு , ரேகா பல்லி , மனிஷா குப்தா , டெல்ஹி உயர் நீதிமன்றம் ஆன் , டெல்ஹி உயர் நீதிமன்றம் , நீதிபதிகள் விபின் சங்கி , நிதி அமைச்சகம் , வருமானம் வரி நாடகம் ,