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..
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IT IS WITHDRAWN WEF 1ST APRIL 2009 .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
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IT IS WITHDRAWN WEF 1ST APRIL 2009 .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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