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BANK CASH TRANSACTION TAX

This query is : Resolved 
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(Querist)
08 March 2008 sir
is it applicable to Deposits.And very transaction taken place in bank like loan etc..
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
08 March 2008 It is applicable to withdrawals in cash of Rs 50000 and above. This is what is being abolished effective 1-4-2009
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
08 March 2008 Only withdrawl
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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IT IS WITHDRAWN WEF 1ST APRIL 2009 .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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CA J M Pattanayak

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CA J M Pattanayak (Expert)
10 March 2008 Its Applicable only to withdrawls and not deposits.
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