Key Tax Penalties Associated with Cheque Bounce in India
A cheque bounce is a significant issue in India that carries financial, legal, and reputational consequences. This occurrence, often resulting from insufficient funds or signature mismatches, has legal ramifications under the Negotiable Instruments Act, of 1881. Beyond the financial liabilities, cheque bounce cases can also lead to tax penalties. Read: https://teamcnut.com/what-are-....the-key-tax-penaltie