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Bearer cheque

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(Querist)
11 August 2014 can bearer cheque of more than rs 20000 be paid to employees as advance to employees
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
11 August 2014 It is better to pay in A/c payee cheque as payment by bearer cheque will lead to dis allowance of 30% of total payment.
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Rupesh Jain

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Rupesh Jain (Expert)
11 August 2014 if it is for exp. then your expenses will disallowed.
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