BANKING CASH TRANSACTION TAX RULES, 2005
INDEX
No. Description
1. Short title and
commencement
2. Definitions
3. Maintenance of
particulars of taxable banking transactions by the scheduled bank
4. Payment of banking cash transaction
tax
6. Return of taxable
banking cash transactions
7. Return by whom to
be signed
8. Time limit to be
specified in the notice calling for return of taxable banking transactions
10. Prescribed time
for refund of tax to the person from whom such amount was collected
11. Form of appeal to
Commissioner of Income-tax (Appeals)
12. Form of appeal to
Appellate Tribunal
Annexure 1
The Finance Act, 2005 —
Explanatory Notes on the provisions relating to banking cash
transaction tax
2. Objective
3. Tax Base (What is
liable to tax?)
4. Taxable Entities
(Who is liable to pay the tax?)
6. Tax rate
7. Point of
collection (When is the tax to be collected by the bank?)
8. Remittance of tax
(When is the tax payable to the account of the Central Government?)
9. Commencement
11. Assessment
12. Refund of Taxes
13. Appeal
14. Applicability of
the provisions of the Income- tax Act
15. Miscellaneous
16. Deduction under Income-
tax Act