« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  New Company Law Bill to be introduced in budget session... ICAI Hyderabad office-bearers... » Finance ministry likely to review BCTT February, 19th 2008 The government is likely to review the controversial banking cash transaction tax (BCTT), primarily designed to track black money, and possibly scrap it in the Budget. The tax was likely to reviewed in the Budget and could even be withdrawn, sources said. They said the banking cash transaction tax, under which cash withdrawals above Rs 50,000 by an individual or firm from the savings account of a bank are taxed at 0.1%, could be reviewed as growth rate of cash withdrawals from banks had declined and there was possibility of expansion of transactions under the annual information report system.