Value of taxable banking transaction defined as cash withdrawn or cash received on term deposit encashment for banking tax purposes. The provision defines the value of taxable banking transaction as: where arising from cash withdrawal, the amount of cash withdrawn; and where arising ... Summary
Value of taxable banking transaction defined as cash withdrawn or cash received on term deposit encashment for banking tax purposes.
The provision defines the value of taxable banking transaction as: where arising from cash withdrawal, the amount of cash withdrawn; and where arising from encashment of term deposit(s), the amount of cash received on encashment.
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