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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Scheduled Banks Must Remit Banking Cash Transaction Tax Under Section 97 Using Authorized Banks' Challans</h1> Every scheduled bank obligated to collect and pay the banking cash transaction tax under section 97 of the Act must remit the collected tax to the Central Government. This payment should be made through any branch of the Reserve Bank of India, the State Bank of India, or any authorized bank, using a banking cash transaction tax challan. This requirement applies to all branches of the scheduled bank.
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