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Banking Cash Transaction Tax

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Querist : Anonymous

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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

17 February 2011 http://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.

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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