Author: Lakshita @author

Cheque Credibility And Legal Consequences “A cheque is as good as cash, but only if it’s backed by the credibility of the issuer.” This saying highlights the importance of ensuring that cheques are issued with sufficient funds and genuine intent, as dishonour can lead to proceedings under Section 138 Ni Act, 1881. Cash Transactions And Tax Compliance As regards Section 269ss of Income Tax Act, 1961 it’s often said, “Cash is king, but only if it’s accounted for.” This emphasizes the importance of complying with tax laws and regulations when dealing with cash transactions. Link Between Section 269ss And Section…