Financial Daily from THE HINDU group of publications
Tuesday, Jul 26, 2005
News
Features
Stocks
Port Info
Archives
Google

Group Sites

 Money & Banking - Taxation


No tax on inter-bank transactions

Our Bureau

NEW DELHI: The Government has decided to exempt inter-bank transactions from the levy of banking cash transaction tax.

All scheduled banks have been advised not to collect banking cash transaction tax on such transactions.

A circular to this effect has been issued, a release issued by the Finance Ministry said on Monday.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hire purchase body demands level playing with banking sector

Rupee weakens; securities down
No tax on inter-bank transactions
Bank of Rajasthan Q1 net dips
Union Bank Q1 net up 14 per cent
Vijaya Bank Q1 net down 72 pc
National Insurance to offer accident cover for Kerala workers
RBI upbeat on growth
Dabhol stake at Rs 150 cr
Exim Bank to buy 2.5% stake in Bombay Rayon
Hike in reverse repo rates likely: Dealers
`Industrial credit demand stronger'
SBI eyes 4 mid-sized overseas banks
TN Co-operative bank employees want Act replaced

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line