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<h1>Banking Cash Transaction Tax payment requires a designated challan with mandatory PAN and specified bank acknowledgment elements.</h1> Challan 283 is the prescribed payment instrument for Banking Cash Transaction Tax and Fringe Benefits Tax, specifying payer details, selectable tax and payment-type codes, and separate line-items for tax components. It mandates quoting the Permanent Account Number, uses separate challans for different payments, and requires bank acknowledgements to include branch BSR code, deposit date and challan serial number. Quoting a false PAN may attract penalty under section 272B.
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