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Urgent: Banking Transaction Tax

This query is : Resolved 
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(Querist)
26 May 2008 Are Coperative Societies (engaged in Banking Activities)exempt from Banking Transaction Tax?

Pls. reply Soon.

Regards,
Shefali.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
26 May 2008 btc is liable to schedule banks/nationalised bank only
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Shefali Bajpai

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Shefali Bajpai (Querist)
26 May 2008 Thank You Sir.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
26 May 2008 hi Shefali,

pls note that co-operative banks may also be scheduled. so, check if urs is co-operative bank or co-operative society.
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Shefali Bajpai

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Shefali Bajpai (Querist)
26 May 2008 Thanks a lot for this infromation. I'll surely keep this in mind.

Regards,
Shefali.
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