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in respect of taxable banking transaction referred to in sub-clause (a) of clause (8) of section 94, the amount of cash withdrawn; |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. |
CAclubindia
