section 40 A(3)

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nitin (Querist)
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09 February 2010 Question:
How to verify whether the cheque issued is account payee or cross cheque by the bank statement?(In respect of Section 40A(3))

CA Shishir

CA Shishir (Expert)
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09 February 2010 You have to see the bank statement. You will be able to make out the difference between the two. If cleared through cash you are supposed to get "cash-chq-party name" or in the like format

nitin

nitin (Querist)
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09 February 2010 Didnt get your explanation "cash-chq-party name" or in the like format?

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