Banking Cash Transaction Reporting requires banks to file detailed returns of taxable cash transactions, tax collectible, collected and interest. Scheduled banks must file a Return of Taxable Banking Transactions under the Banking Cash Transaction Tax Rules, 2005 reporting branch and annual values of specified cash transactions by code, corresponding tax collectible, tax collected, tax paid and the resultant tax payable or refundable. The return records interest payable under section 101 and interest paid, requires PAN, branch BSR codes and financial year, and incorporates Schedule A (annual branch details) and Schedule B (monthly code-wise reporting with deposit particulars). Schedules A and B must be furnished on computer media as specified.
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Banking Cash Transaction Reporting requires banks to file detailed returns of taxable cash transactions, tax collectible, collected and interest.
Scheduled banks must file a Return of Taxable Banking Transactions under the Banking Cash Transaction Tax Rules, 2005 reporting branch and annual values of specified cash transactions by code, corresponding tax collectible, tax collected, tax paid and the resultant tax payable or refundable. The return records interest payable under section 101 and interest paid, requires PAN, branch BSR codes and financial year, and incorporates Schedule A (annual branch details) and Schedule B (monthly code-wise reporting with deposit particulars). Schedules A and B must be furnished on computer media as specified.
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