Date of encashment of cheque is the date of payment of tax in terms of rule 81 of Treasury Rules

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..... 969. 2. In para 5 of the above referred circular, it was stated that the date of tax payment would be the date on which the proceeds of the cheque were realised and credited to the Government amount. 3. Instances have come to notice where assessees have claimed interest under section 214 in respect of payments made towards advance tax through cheques which were encashed in the financial ye .....

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..... ty of payment by cheque, as contemplated in Board's circular referred to above, will have to conform to the conditions and limitations prescribed therein which are quite permissible in view of rule 81 of the Treasury Rules. Accordingly, the date of encashment of the cheque will be the date of payment of tax. 6. However, proper care must be exercised to ensure that the cheques so received are s .....

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