Restriction of issue of Bearer Cheque

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..... 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 .....

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..... 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 aggreg .....

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..... ate of payments 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 respe .....

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..... ct of such expenditure" [ 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 .....

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..... tell issue bearer cheques issued by compnies - Restriction of issue of Bearer Cheque - Query Started By: - Pandurang Nirmal Dated:- 13-11-2011 Corporate Laws / SEBI / LLP - Got 3 Replies - Companies .....

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..... Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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