one of our client has received a cheque of refund late. as cheque is valid for 3 months from the date of issue but my cline has received the cheque after the three months left from the date of issue. his return is filled manually, but cheque has been received under cpc system, of sbi only. pls give me right direction what to do in case..? thanks in advance.
RBI reduced from 6 to 3 months on 23rd November 2011, its fine, but its w.e.f 01.04.2012 banks wont accept the cheques dated more than 3 months from date of issue, so need to worry.
02 December 2011
dear sir, i m worried already and know what you say. thats why i ask question that wats the solution of this to follow..., if u can guide. is assessing officer has power or we require to contact sbi?
13 December 2011
If the cheque has become stale, You will have to write a letter to the AO with whom you had filed the return of income to issue a new cheque in lieu of the original cheque.