Banking cash transaction tax was "withdrawn" in which year – InterviewSolution

1.	Banking cash transaction tax was "withdrawn" in which year
Answer» It was with similar objective of preventing generation and laundering of black MONEY that the Banking CASH Transaction Tax (BCTT) was introduced in the Finance Act, 2005 with effect from June 1, 2005. The BCTT of 0.1 percent was introduced for withdrawal of cash on a single DAY of over Rs 25,000.

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