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of <h1>New Procedures for Recording Cheque Dates on Tax Chalans: RBI Instructs Banks to Implement Treasury Rules.</h1> The circular addresses the procedure for recording the date of receipt of cheques on chalans for direct tax payments. According to Treasury Rules, if a cheque is honored, the payment date is considered the date it was handed to the government bankers. The Reserve Bank of India instructed public sector banks to stamp the chalan with the tender and realization dates. New chalan forms with color bands and separate columns for these dates have been introduced to facilitate this process. The Central Board of Direct Taxes expects these measures to ensure accurate recording of cheque tender dates by banks.
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