What are the Tax Penalties Associated with Ignoring a Cheque Bounce...

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2025-01-06 07:13:55

What are the Tax Penalties Associated with Ignoring a Cheque Bounce Notice?

Introduction In India, cheque bounce cases are regulated under Section 138 of the Negotiable Instruments Act, 1881. Ignoring a cheque bounce notice can lead to serious legal and financial consequences, including hefty tax penalties. Understanding the implications and addressing the issue promptly can help businesses and individuals avoid unnecessary complications. This blog delves into the tax...

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