Restriction of issue of Bearer Cheque

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Restriction of issue of Bearer Cheque
Query (Issue) Started By: - Pandurang Nirmal Dated:- 13-11-2011 Last Reply Date:- 23-10-2013 Corporate Laws / SEBI / LLP
Got 3 Replies
Companies Law
.....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Pl.tell us whether an incorporated company can freequently issue bearer cheques to its clients and employees and workers?What are restrictions on issuing bearer cheques as per company law and other la .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ws inforce in our country? Reply By Raja Rajan: The Reply: As per the Sec. 40A of Income Tax Act, 1961 "Where the assessee incurs any expenditure in respect of which a payment or aggregate of payme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nts made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, exceeds twenty thousand rupees, no deduction shall be allowed in respect of such e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xpenditure" [ In certain cases it is Rs. 25000/- to a person in a day] Reply By tarsem gupta: The Reply: Reply of Raja Rajan is correct. Reply By vinod bhat: The Reply: please tell issue bearer ch .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eques issued by compnies
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X