« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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 The tax was likely to reviewed in the Budget and could even be withdrawn, sources said.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.