CASH BEARER CHEQUE LIMIT AS PER INCOME TAX


This query is : Resolved 

Quick Summary
Bearer cheques are treated as if they were cash payments under Income Tax regulations. This means the restrictions that apply to cash payments also apply to bearer cheques. Understanding these limits is crucial for compliance.

21 February 2024 Sir,

Please Tell us bearer Cheque limit as per income tax.

11 May 2024 Bearer cheque is being treated as payment by cash mode, so the restrictions are equivalent to cash payments.

09 September 2024 Good Luck.


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