Home Acts & Rules Direct Taxes Old-Provisions Banking Cash Transaction Tax Rules, 2005 This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Form No. 2 - STATEMENT OF NUMBER OF TAXABLE BANKING TRANSACTIONS ENTERED INTO AND BANKING CASH TRANSACTION TAX (BCTT) COLLECTED DURING A MON - Banking Cash Transaction Tax Rules, 2005Extract Form No. 2 BCTTS-2 [See rule 5 of Banking Cash Transaction Tax Rules, 2005] STATEMENT OF NUMBER OF TAXABLE BANKING TRANSACTIONS ENTERED INTO AND BANKING CASH TRANSACTION TAX (BCTT) COLLECTED DURING A MONTH 1. Name and address of the Bank ......................... 2. PAN of the Bank ......................... 3. Information for the month (MM/YYYY) ......................... Sl. No. Particulars of the Branch No. of taxable banking transactions during the month of value BCTT collected during the month Number of transactions not liable to BCTT entered during the month Brach Code (BSR Code) Address of the Branch Telephone No. below Rs. 5 lakh Rs. 5 lakh to Rs. 10 lakh Rs. 10 lakh to Rs. 25 lakh Rs. 25 lakh to Rs. 50 lakh Rs. 50 lakh to Rs. 1 crore above Rs. 1 crore 1 2 3 4 5 6 7 8 9 10 11 12 Total Notes: 1. Multiple-transactions of withdrawal of cash from an account or receipt of cash on encashment of term deposit or deposits in the name of same person, on any single day be treated as one transaction. 2. Total of columns 5, 6, 7, 8, 9 and 10 in respect of a branch, shall be the total of number of transactions entered into during the month in column 4 of Form No. 1 (BCTTS-1) maintained by the branch. 3. The entry in column 11 in respect of a branch shall be monthly total of column 6 of Form No. 1 (BCTTS-1) maintained by the branch. 4. The entry in column 12 in respect of a branch, shall be monthly total of column 7 of Form No. 1 (BCTTS-1) maintained by the branch. 5. Consolidated information should be submitted for all branches of the bank in electronic format. 6. Computer media should be prepared according to the specified data structure. 7. Computer media should be labelled giving name of Bank, its PAN, and month/year, and submitted to the Income-tax Authority authorized by the Board in this regard, along with a letter verified by the person specified in rule 7 confirming the amount of total banking cash transaction tax paid for the month and certifying that the data is clean and virus free.
|