Banking Cash Transaction Reporting: submit monthly Form No.2 with branch-wise transaction counts and tax collection, electronically certified. Banks must submit a monthly branch-wise statement in Form No.2 reporting number of taxable transactions and BCTT collected by prescribed value bands, with daily multiple cash dealings by the same person treated as one transaction. Consolidated electronic submission for all branches is required, with computer media prepared to a specified data structure, labelled with bank name, PAN and month/year, and accompanied by a verification letter from the authorised official confirming total BCTT paid and certifying the data is clean and virus free; column totals must align with Form No.1 maintained by branches.
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Banking Cash Transaction Reporting: submit monthly Form No.2 with branch-wise transaction counts and tax collection, electronically certified.
Banks must submit a monthly branch-wise statement in Form No.2 reporting number of taxable transactions and BCTT collected by prescribed value bands, with daily multiple cash dealings by the same person treated as one transaction. Consolidated electronic submission for all branches is required, with computer media prepared to a specified data structure, labelled with bank name, PAN and month/year, and accompanied by a verification letter from the authorised official confirming total BCTT paid and certifying the data is clean and virus free; column totals must align with Form No.1 maintained by branches.
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