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...
18 Dec, 2014, 04.27 PM IST
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...
04 Dec, 2014, 06.27 PM IST
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...
03 Dec, 2014, 03.20 AM IST
- Happy New Fiscal: BCTT withdrawn from April 1
Cash withdrawals from bank will not attract tax from Wednesday. This is following abolition of the banking cash transaction tax (BCTT) in t...
02 Apr, 2009, 12.25 AM IST
- Direct tax collections up 38.3 pc in first 5 months of FY'09
Belying 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 ...
03 Sep, 2008, 07.30 PM IST
- Finance ministry likely to review BCTT
The government is likely to review the controversial banking cash transaction tax (BCTT), primarily designed to track black money, and poss...
18 Feb, 2008, 05.55 AM IST
- Finance Ministry likely to review BCTT in Budget 2008-09
The government is likely to review the controversial Banking Cash Transaction Tax, primarily designed to track black money, and even possib...
17 Feb, 2008, 01.12 PM IST
- India Rising: Direct tax mop-up swells 44 per cent
The government’s tax kitty is swelling. Direct tax collections, including corporate and income-tax, jumped 44.39% to Rs 59,210 crore till A...
22 Aug, 2007, 04.34 AM IST
- 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...
20 Aug, 2007, 06.36 AM IST
- BCTT’s no ideal tool to curb black money, scrap it
Banking Cash Transaction Tax (BCTT) was introduced with effect from June 1, 2005.
26 Feb, 2007, 02.22 AM IST
- Tax levy on cash transactions may go
Finance Minister may withdraw 0.01% BCTT following widespread objections led by state governments.
05 Feb, 2007, 12.05 AM IST
- Time to scrap BCTT, sniff other trails
Congress MPs, who met finance minister P Chidambaram last week, sought an abolition of Banking Cash Transaction Tax (BCTT). No surprises.
18 Dec, 2006, 12.30 AM IST
- Cash transaction tax keeps the registers ringing in Tier-II cities
Cash is definitely dear and it is the flavour in emerging metros like Bhopal, Hyderabad and Pune.
03 Nov, 2006, 01.27 AM IST
- Banks to face income tax heat for slack on CBTT data
Banks may earn the income tax department’s ire for not providing timely data on Banking Cash Transaction Tax (BCTT).
24 Aug, 2006, 04.04 AM IST
- Direct tax collection grows 61% in four months
Direct 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...
09 Aug, 2006, 12.41 AM IST
- 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...
22 Jul, 2006, 03.43 AM IST
- BCTT effective in tracking tax evasion
The controversial banking cash transaction tax, has helped authorities unearth several cases of tax evasion, including the one relating to ...
08 Jun, 2006, 02.45 PM IST