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CA Amit Agrawal

CA Amit Agrawal (Querist)
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30 March 2009 what will be status of bcct from 1 april 2009, any notification regarding scrapping of bcct issued or not

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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30 March 2009 https://www.livemint.com/2008/02/29173932/Banking-cash-transaction-tax-t.html

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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30 March 2009 Finance Minister P Chidambaram on 29 February proposed to withdraw the Banking Cash Transaction Tax, which provided for a 0.1% levy on certain cash withdrawals from banks.
In the budget proposals announced today for the fiscal year 2008-09, he said that no BCTT would be charged in respect of any taxable banking transaction after 31 March 2009.

CA Amit Agrawal

CA Amit Agrawal (Querist)
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31 March 2009 thanks for reply, but my q is since fin min had proposed abolition of bcct, whether any notification regarding same will be issued or not.

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