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BCTT
Budget 2019: Will the Banking Cash Transaction Tax make a comeback?The government is considering introducing a tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year and implement an ...- No proposal to replace Income Tax with Banking Cash Transaction TaxBanking Cash Transaction Tax was introduced in 2005 by the then UPA finance minister P Chidambaram. The levy was, however, withdrawn with e...
- Government failed to match UPA record: Congress surveyThis is a contribution to the ongoing debate on where the economy stands, where it is heading and what is to be done to pull it in the righ...
- Government not to implement Banking Transaction TaxBanking Cash Transaction Tax (BCTT) was introduced in June 2005 to track unaccounted money and trace its source and destination, but was wi...
- Shome Panel in favour of getting back Fringe Benefit Tax, Banking Cash Transaction Tax“This is a good temporary administrative measure for enhancing tax collection, until rising income tax collection makes it unnecessary,” th...
- Re-introduce fringe benefit, cash transaction taxes: Shome PanelThe panel has also favoured reintroduction of BCTT, saying there is no instrument that captures details of cash withdrawals from bank accou...
- Happy New Fiscal: BCTT withdrawn from April 1Cash withdrawals from bank will not attract tax from Wednesday. This is following abolition of the banking cash transaction tax (BCTT) in t...
- Direct tax collections up 38.3 pc in first 5 months of FY'09Belying fears of an economic slowdown, direct tax collections have gone up by 38.3 per cent in the first five months of the current fiscal ...
- Finance ministry likely to review BCTTThe government is likely to review the controversial banking cash transaction tax (BCTT), primarily designed to track black money, and poss...
- Finance Ministry likely to review BCTT in Budget 2008-09The government is likely to review the controversial Banking Cash Transaction Tax, primarily designed to track black money, and even possib...
- India Rising: Direct tax mop-up swells 44 per centThe government’s tax kitty is swelling. Direct tax collections, including corporate and income-tax, jumped 44.39% to Rs 59,210 crore till A...
- Direct tax collections zoom 44.39%The government on Tuesday announced a 44.39 per cent jump in collection of direct taxes, including corporate and income tax, to Rs 59,210 c...
- BCTT’s no ideal tool to curb black money, scrap itBanking Cash Transaction Tax (BCTT) was introduced with effect from June 1, 2005.
- Tax levy on cash transactions may goFinance Minister may withdraw 0.01% BCTT following widespread objections led by state governments.
- Time to scrap BCTT, sniff other trailsCongress MPs, who met finance minister P Chidambaram last week, sought an abolition of Banking Cash Transaction Tax (BCTT). No surprises.
- Cash transaction tax keeps the registers ringing in Tier-II citiesCash is definitely dear and it is the flavour in emerging metros like Bhopal, Hyderabad and Pune.
- Banks to face income tax heat for slack on CBTT dataBanks may earn the income tax department’s ire for not providing timely data on Banking Cash Transaction Tax (BCTT).
- Direct tax collection grows 61% in four monthsDirect taxes have fetched Rs 36,061 crore to the government kitty during the first four months of the current fiscal, up 61.12% from the ye...
- Direct tax mop-up zooms 60%Direct tax collections have seen a sharp increase of 60% in the period April 1-July 15, ‘06 at Rs 33,000 crore, with both corporate and per...
- BCTT effective in tracking tax evasionThe controversial banking cash transaction tax, has helped authorities unearth several cases of tax evasion, including the one relating to ...
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