Sunil Kumar P T, Anakkara

The Finance Minister should consider to extent tax holiday u/s 80IB (11C) to existing mid sized hospitals provided they are reinvesting these profits for expanding the infrastructures being bed capacities and equipments substantially. This will help to create additional bed capacities in rural and semi urban when they really look for narrowing the huge demand and supply gap instead of widening. Such a move will allow hospitals to go for further expansion and also will result in better cash flow management for their capacity additions. It will also cater the requirement of demand due to increased health insurance coverage and life style diseases. Appropriate measures should be embedded against the misuse of the benefits. Or Instead of giving tax holiday, an appropriate percent of deduction, 50% to 75%, may also be considered from total income. Accelerated depreciation for life saving equipments may be revised to 60% at par with computers for quick replacement of such equipments. These should be considered as socio economic measure to meet the future challenges of capacity constraint in healthcare sector.
Another thing to look out is the specified diseases expenses u/s 80DDB .It should include cardio diseases expenses including angioplasty and thoracic surgery. This will be more beneficial to middle class who are not insured or under insured and also considering the growing cardiac related diseases.
Salaried class should be given some benefits on their expenses for earnings. This will remove the unjust treatment towards them compared to self employed.
SUNIL KUMAR P T
CHARTERED ACCOUNTANT,
ANAKKARA, EDAPAL, KERALA
679551
Profile:
Practicing CA and consultant for hospitals. Membership Number at ICAI 217223
Qualification: M Com,ACA,MBA,DISA(ICAI)
Full Address
Sunil Nivas, Chekkode,
Anakkara PO,
Palakkad Dist, Kerala 679551.
casunil@hotmail.com
Mob 9846192843