Is penalty applicable on dishonour cheque?what is the rate of penalty in such cases.
Arvind kumar
varanasi
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14870 Points)
Replied 21 September 2022
Yes, penalty applicable is for dishonour of cheque, for latest rate you Can contact to your Bank branch.
keshav garg
(2 Points)
Replied 21 September 2022
It also attract indian penal code for criminal liability
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