https://www.taxtmi.com/forum/issue?id=1455 There is no general prohibition under negotiable-instrument law or companies law on issuing bearer cheques, but tax rules require payment by account payee cheque for claiming certain expense deductions and for acceptance or repayment of loans above a specified monetary threshold, limiting bearer cheque use in those situations. en-us Mon, 31 Aug 2009 12:13:20 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1455 There is no general prohibition under negotiable-instrument law or companies law on issuing bearer cheques, but tax rules require payment by account payee cheque for claiming certain expense deductions and for acceptance or repayment of loans above a specified monetary threshold, limiting bearer cheque use in those situations. Discussion-Forum Indian Laws Mon, 31 Aug 2009 12:13:20 +0530 https://www.taxtmi.com/forum/issue?id=1455