-The Hindu FCRA approvals take a lot of time, the government needs to urgently grant an exemption for all such donations, tax and legal experts said. Indian entities, including hospitals and charitable trusts, hoping to receive COVID-19 relief material from overseas individual donors or donor agencies, could be in trouble, unless they are registered under the Foreign Contribution Regulation Act (FCRA) with a stated objective involving provision of medical care. On May 3,...
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Pyare Khan: the journey of a socially conscious entrepreneur -Moin Qazi
-Twocircles.net Pyare Khan from Nagpur has spent around Rs 1 crore for procuring oxygen tankers, oxygen concentrators and cylinders. Through newspapers, he learnt about the severe shortage of oxygen in hospitals and wanted to contribute to addressing the shortage of oxygen in his city. Everyone can recognize an entrepreneur when seeing one, but no one knows how they became one. Was it in their nature – they were just born to build...
More »No more tax! Medical bills in Kerala likely to come down
-The New Indian Express In a major relief to in-patients, the Kerala High Court on Friday said medicines, implants and other materials used during procedures at hospitals do not constitute sale and sales tax cannot be levied KOCHI: Medical bills in hospitals across the country are skyrocketing, but Kerala may see a downward trend. In a major relief to in-patients, the Kerala High Court on Friday said medicines, implants and other...
More »Stents cheaper, but not all get benefit -Rema Nagarajan
-The Times of India Almost a year after prices of cardiac stents were capped, an examination of bills from various hospitals shows that the extent to which it has brought down the total cost of an angioplasty depends on which hospital you go to. When the price of stents was capped at Rs 30,000 in February last year, the order had stated that the prices would be reviewed after one year. As...
More »Many charity hospitals misuse tax breaks: CAG -Rema Nagarajan
-The Times of India NEW DELHI: Income tax exemptions worth hundreds of crores have been given to hospitals claiming to be charitable institutes, but they may be doing little or no charity, according to a recent report of the Comptroller and Auditor General. CAG has asked for measurable parameters to assess the extent of charitable activities by hospital trusts availing tax exemptions as the public exchequer could be losing crores without...
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