Banking Exam Forum

Banking Transaction Tax (BTT) ?

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Offline Sora

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Banking Transaction Tax (BTT) ?
« on: February 01, 2017, 04:54:40 PM »

Government has announced the Banking Transaction Tax (BTT). Economic think-tank Arthakranti has recommended the government to abolish the present taxation mechanism and replace it with the Banking Transaction Tax (BTT).

In true sense there won't be an incentive to deal in cash any more and every transaction can be shown in the books. There would not be any cash transaction in cash dealing above Rs 3,00,000/-.


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