SECTION 269 SU


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This discussion clarifies whether a business with a turnover exceeding ₹100 crore in FY 2018-19 can accept payments via cheque under Section 269SU. The advice given is that cheque payments are permissible, provided the business has the necessary electronic funds transfer facilities in place.

(Querist)
28 January 2020 Can we accept the payment through Cheque . our turnover is more than 100 CR in FY 2018-19. Please advise.

28 January 2020 Yes you can accept the payment through cheque but you should have the facility provided through electronic funds transfer.

29 January 2020 You can accept the payment through cheque


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