Income tax
This query is : Resolved
ritesh bhattad
(Querist)
04 September 2010
what is meaning of a/c payee cheque & crossed cheque? What is the difference between them? Can a/c payee cheque be negotiated?
CMA Ramesh Krishnan
(Expert)
04 September 2010
A crossed cheque can be endorsed to any body, suppose Person A giving cheque to B only crossed, that cheque can be endrossed by B and give to any person
But crossed with Account payee cannot be endorsed by anybody only the name appearing in the cheque that person can get credit in his/her account
But crossed with Account payee cannot be endorsed by anybody only the name appearing in the cheque that person can get credit in his/her account
ritesh bhattad
(Querist)
06 October 2010
Thank you very much
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
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Closer of business and itc of capital goods
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
