Rule 8 - Time limit to be specified in the notice calling for return of taxable banking transaction - Banking Cash Transaction Tax Rules, 2005

Time limit to be specified in the notice calling for return of taxable banking transaction 8. Where an assessee fails to furnish the return under sub-section (1) of section 98 of the Act within the time specified in sub-rule (3) of rule 6, the Assessing Officer may issue a notice to such person requiring him to furnish, within thirty days from the date of service of the notice, a return in the Form prescribed in rule 6 and verified in the manner indicated therein.