03 July 2009
WHAT IS THE DIFFERENCE BETWEEN A/C PAYEE AND CROSSED CHQ. I THING ITS SAME AS NI ACT AS PER SEC 40 A 3 : IT IS WRITTEN ONLY A/C PAYEE CHQ SO WHY IT IS NOT ALLOWED IF CHQ IS CROSSED (AS PER BOOK OF GIRISH AHUJA ) I THING IT IS ONE OR THE SAME THING
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