Section - 96 - Banking Cash Transaction Tax

Section - 96 - Value of taxable banking transaction

Value of taxable banking transaction.

96. The value of taxable banking transaction shall be,-

(i)	-	in respect of taxable banking transaction referred to in sub-clause (a) of clause (8) of section 94, the amount of cash withdrawn;
(ii)	-	in respect of taxable banking transaction referred to in sub-clause (b) of clause (8) of section 94, the amount of cash received on encashment of term deposit or deposits.

.... To read the full section download the app from

Google Play store