Cheque bounce intimation letter
This query is : Resolved
Quick Summary
07 April 2026
Sir
Party issued cheque which was bounced due to 'insufficient fund'.
Does the person (drawee) intimate drawer by letter about the Bounce and if no reply then formal legal Notice to initiate legal proceeding u/s 138 be possible?
Then what is the time frame.
Regards
Abhijit
Party issued cheque which was bounced due to 'insufficient fund'.
Does the person (drawee) intimate drawer by letter about the Bounce and if no reply then formal legal Notice to initiate legal proceeding u/s 138 be possible?
Then what is the time frame.
Regards
Abhijit
07 April 2026
• Intimation letter → ❌ Optional
• Legal notice → ✅ Mandatory
• Timeline → 30 days + 15 days + 30 days
• Case possible → ✔ Yes, if timelines followed strictly
• Legal notice → ✅ Mandatory
• Timeline → 30 days + 15 days + 30 days
• Case possible → ✔ Yes, if timelines followed strictly
07 April 2026
Thanks Sir for reply
Abhijit
Abhijit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
