https://www.taxtmi.com/circulars?id=2851 The Finance Act, 2005 levies a Banking Cash Transaction Tax on specified cash withdrawals and on cash received on encashment of term deposits when statutory single-day thresholds are exceeded. The Government has clarified that interbank cash withdrawals and receipt of cash on encashment of term deposits in the name of scheduled or non-scheduled banks (including co-operative banks) are excluded from BCTT, and scheduled banks are instructed not to collect BCTT on such transactions. en-us Mon, 25 Jul 2005 00:00:00 +0530 Mon, 11 Aug 2008 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2851 The Finance Act, 2005 levies a Banking Cash Transaction Tax on specified cash withdrawals and on cash received on encashment of term deposits when statutory single-day thresholds are exceeded. The Government has clarified that interbank cash withdrawals and receipt of cash on encashment of term deposits in the name of scheduled or non-scheduled banks (including co-operative banks) are excluded from BCTT, and scheduled banks are instructed not to collect BCTT on such transactions. Circulars Income Tax Mon, 25 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2851