Section 93 – Banking Cash Transaction Tax

Definitions In this Chapter, unless the context otherwise requires,— (1)   “Appellate Tribunal” means the Appellate Tribunal constituted under section 252 of the Income-tax Act,…

Charge of banking cash transaction tax (1) On and from the commencement of this Chapter, there shall be charged a banking cash transaction tax, in…

The value of taxable banking transaction shall be,— (i)   in respect of taxable banking transaction referred to in sub-clause (a) of clause (8) of…

Collection and recovery of banking cash transaction tax (1) Every scheduled bank shall collect the banking cash transaction tax from every person, being a person…