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BANK CASH TRANSACTION TAX

This query is : Resolved 

08 March 2008 sir
is it applicable to Deposits.And very transaction taken place in bank like loan etc..

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

08 March 2008 Only withdrawl


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IT IS WITHDRAWN WEF 1ST APRIL 2009 .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

10 March 2008 Its Applicable only to withdrawls and not deposits.



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