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Bank cash Transaction Tax

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(Querist)
07 March 2008 How it is Leived?And at what percentage.
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pushpendra

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pushpendra (Expert)
08 March 2008 It is leived by bank on cash withdrawal and 0.01% is the rate but BCTT has been withdrawan in this finance budget.
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R.V.RAO

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R.V.RAO (Expert)
08 March 2008 BCCT WAS MADE APPLICABLE ON ALL TAXABLE BANKING TRANSACTIONS EFFECTIVE 1 ST JUNE 2005@0.1% ON VALUE OF SUCH BANKING TRANSACTIONS ABOVE A CERTAIN LIMIT(INDIVIDUALS EXEMPT LATER ON PUBLIC UPROAR.
THE LIMIT FOR COMPANIES WAS UP FROM RS.50000 TO RS. 100000 LATER)
IT IS WITHDRAWN WEF 1ST APRIL 2009 .
R.V.RAO
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