Banking cash transaction tax abolished

Last updated: 03 April 2009

Taxpayers will not have to pay the levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from Wednesday. The government had introduced 0.1 per cent BCCT in 2005 on cash withdrawals of more than Rs 50,000 (individuals) and Rs 1 lakh for other

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Category Taxpayers   Report

Comment   Share
  48591 Views
Comments

Recent News :

  1. Rahul Gandhi Demands Rollback of Tax on Disability Pensions, Seeks Higher ECHS Budget from FM Sitharaman
  2. India's Real GDP Grows 7.6% in FY 2025-26 Under New Base Year Series Released by MoSPI
  3. CBIC Notifies Guidelines for Eligible Manufacturer Importer Scheme, Facility from 1st April 2026
  4. Retired Income Tax Officer Convicted to 4 Years in Rs 15,000 Bribery Case
  5. GST Collection February 2026: Gross Revenue Surges 8.1% to Rs 1.83 Lakh Crore
  6. New Reporting Norms: Draft Form 166 to Capture Detailed Account & TIN Information
  7. CBIC Issues Revised Charge Allocation for Members: Key Portfolios Notified
  8. Indirect Transfer Tax Gets Clarity: New FMV and Attribution Formula Notified in Draft IT Rules 2026
  9. New Accountant Certification Format for Slump Sale Capital Gains Under IT Act 2025
  10. New Draft Form Proposed to Standardise Donation Deduction Certification Under Section 45(4)(a)

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us


Browse by Category