Banking cash transaction tax collection: banks must remit collected tax to central government via authorised banks with prescribed challan. Every scheduled bank required to collect banking cash transaction tax must, for all its branches, remit the tax to the credit of the Central Government by ... Summary
Banking cash transaction tax collection: banks must remit collected tax to central government via authorised banks with prescribed challan.
Every scheduled bank required to collect banking cash transaction tax must, for all its branches, remit the tax to the credit of the Central Government by remitting it into any branch of the Reserve Bank of India, the State Bank of India, or any authorised bank accompanied by a banking cash transaction tax challan.
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