Banking Cash Transaction Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2011
Dear Sir,
What is banking cash transaction tax why Challan no. ITNS 283 is deposited for banking cash transaction tax and who deposit this.
thanks in advance
What is banking cash transaction tax why Challan no. ITNS 283 is deposited for banking cash transaction tax and who deposit this.
thanks in advance
CA bhargava
(Expert)
17 February 2011
https://www.etaxindia.org/2009/04/banking-cash-transaction-tax-abolished.html
the above tax was previously levied but from 1.4.2009 it was abolished.
The above link gives u the details.
If u want to know when it is charged..., BCTT is the tax collected by the Banker when u withdraw the amount from the bank It is 0.1% on the amount.
the above tax was previously levied but from 1.4.2009 it was abolished.
The above link gives u the details.
If u want to know when it is charged..., BCTT is the tax collected by the Banker when u withdraw the amount from the bank It is 0.1% on the amount.
Sunil Kr. Sanganeria
(Expert)
17 February 2011
No BCTT shall be charged on any transaction entered into on or after 1st day of April, 2009
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