banking transaction tax (BTT)
‘Bank transaction tax’: Too good to be true?
The BTT, on amounts credited or deposited, is expected to net Rs 21 lakh crores, that would be shared by the Centre and states.
India may go totally cashless within a year: experts
People would have to pay 1-2 per cent tax on the amount credited or deposited in their bank accounts, instead of income tax.
1 of 1