Finance Act 2005 Section 96

Section Text

The value of taxable banking transaction shall be,--

(i) in respect of taxable banking transaction referred to in sub-clause (a) of clause (8) of section 94, the amount of cash withdrawn;

(ii) in respect of taxable banking transaction referred to in sub-clause (b)) of clause (8) of section 94, the amount of cash received on encashment of term deposit or deposits;