News for '-bctt'

FinMin yet to take a call on 'tax on cash'

A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.

FBT, transaction tax fetch Rs 603 cr in Q1

As much as Rs 583 crore (Rs 5.83 billion) was collected from the Fringe Benefit Tax and Rs 20 crore (Rs 200 million) from Banking Cash Transaction Tax during the first quarter of this fiscal, the Lok Sabha was informed on Tuesday.

Will Jaitley reintroduce Fringe Benefits Tax?

FBT was an unpopular tax and withdrawn before the General Elections in 2009

Delhi conceals its income best

Tax on cash withdrawals? Your say

The government may now exempt states from paying this tax while withdrawing money to pay salary to its employees.

Cash tax has helped trace black money: FM

Finance Minister P Chidambaram on Wednesday said the new banking cash transaction tax imposed this year has started yielding results by helping authorities keep a track on black money.