- This deduction is to be effected on receiving/credit accounts only.
- This deducted amount will be credited to different Government levels like Central, State and Local (say 0.7%, 0.6%, 0.35% respectively).
- Transacting Bank will also have its share in this amount as the bank has a key role to perform (say 0.35%).This means,
Cash Transactions above this limit will NOT enjoy any legal protection.
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(All Taxes and Duties of Central ,State and Local body Government except customs or import duties which functions as International Trade Balancer). Click here to view the Original Image Size |
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