CBDT Circular on date of encashment of cheque & date of payment of tax

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Date of encashment of cheque is the date of payment of tax in terms of rule 81 of Treasury Rules

Circular: No. 141 [F. No. 400/2/74-ITCC], dated 23-7-1974.

1. Attention is invited to Board’s Circular No. 3 [F.No. 16/5/69-IT(Coord)], dated 11-2-1969.

2. In para 5 of the above referred circular, it was stated that the date of tax payment would be the date on which the proceeds of the cheque were realised and credited to the Government amount.

This content is for annual and Semi Annual members only.

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