Approval of hospital for the purpose of sub-clause (b) of clause (ii) of the proviso to clause (viii) of sub-section (2) of section 17 of the Income-tax Act, 1961 - in case of M/s Maa Ram Pyari Super Specility Hospital, Harihar Singh Road, Opp: Bariatu Petrol Pump, Morobadi, Ranchi-834008, [PAN: AADCR6616B]

Income-tax Act Sections 15,16,17: Employer Payments for Specified Hospital Treatments Exempt from Perquisite Taxation

Approval is granted to a specified hospital under the Income-tax Act, 1961, allowing sums paid by employers for certain medical treatments at the hospital to be exempt from being treated as a perquisite for employees under sections 15, 16, and 17. This includes treatments for specified diseases requiring surgical operations or orthopedic care. Employers are exempt from deducting tax at source on such payments. The approval is valid from March 22, 2021, to March 21, 2024, subject to the hospital's compliance with statutory conditions under the Income-tax Rules, 1962, and may be withdrawn if conditions are not met or if approval was obtained through misrepresentation. The approval is non-transferable, limited to the specified premises, and the hospital must permit inspections and notify authorities of any changes affecting compliance. Renewal applications must be submitted at least 30 days before expiry, accompanied by an affidavit confirming continued compliance.