Finance Act 2008 Section 125 - Bare Act

StateCentral Government
Year2008
Section TitleAmendment of Act 18 of 2005
Act Info:

In the Finance Act, 2005,--

(i) in section 95, after sub-section (2), the following sub-section shall be inserted with effect from the 1st day of April, 2009, namely:--

"(3) Notwithstanding anything contained in sub-section (1), no banking cash transaction tax shall be charged in respect of any taxable banking transaction entered into on or after the 1st day of April, 2009.";

(ii) the Seventh Schedule shall be amended in the manner specified in the Ninth Schedule.