Clear DayFrom : E-Group, STC, Salt Lake City, Kolkata-700106 Dear Member, Kindly double click on the enclosed attachment to read it. With regards, Anup Sen, Moderator, E-Group, STC, Salt Lake, Kolkata E-mail : stcsaltlake@xxxxxxxx Intra-Net Web-Server of STC Salt Lake, Kolkata Using Internet Explorer in ATM PC of your branch, please browse http://10.132.0.200 (our Intranet Web-Site). We have provided several thousand pages of Reading Materials for your use. Happy browsing! Kindly do not reply to this mail. If you like to send a mail to us compose a fresh mail and send to stcsaltlake@xxxxxxxx This message is intended only for the use of the Addressee and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, dissemination of this communication is prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and kindly arrange to notify stcsaltlake@xxxxxxxx immediately.Title: State Bank of India, Staff Training Centre, Salt Lake, Kolkata. : : stcsaltlake@xxxxxxxx : :
THE Banking Cash Transaction Tax (BCTT), an anti-tax evasion
measure introduced through this year's Budget, became operational from
Wednesday. The Finance Ministry has now notified the BCTT rules 2005 that
specifies the format of the returns and particulars that banks would have to
periodically submit to the revenue department. Cash withdrawals from savings accounts do not attract the 0.01 per
cent tax. For individuals and Hindu Undivided Families, BCTT is applicable
for withdrawal of Rs 25,000 and above on a single day
from current and other non-savings accounts in the banks. For businesses, the 0.01 per cent tax will be applicable for any
withdrawal beyond Rs 1 lakh
on a single day. The Central Board of Direct Taxes has made it clear that if the
total withdrawal exceeds Rs 25,000 by individuals or Rs 1 lakh by businesses on a
single day even through multi-transactions, the tax would be applicable. |