Stale cheque to be written off
This query is : Open
03 May 2013
What is the time limit for stale cheque to be written off from the books, is it the cheque issuance date or the date when cheque becomes stale.
Also the relevant section which defines the same.
Also the relevant section which defines the same.
13 May 2013
RBI guidelines says Cheque is stale if not presented for payment within three months from date written on cheque.
14 May 2013
Need to confirm here, when can stale cheque be written off from the books-
cheque issuance date or
when trfd to stale cheque
cheque issuance date or
when trfd to stale cheque
14 May 2013
after three months, which is when trfd to stale cheque.
14 May 2013
Thanks for the confirmation.
Also confirm which section governs the same.
Also confirm which section governs the same.
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