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Section 96 - Value of taxable banking transaction. - Banking Cash Transaction TaxExtract Value of taxable banking transaction. 96. 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respect of taxable banking transaction referred to in sub-clause ( a )of clause ( 8 ) of section 94, the amount of cash withdrawn; ( ii ) in respect of taxable banking transaction referred to in sub-clause ( b )of clause ( 8 )of section 94, the amount of cash received on encashment of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.
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