https://www.taxtmi.com/article/detailed?id=6411 Liability under Section 138 arises when a cheque drawn by a person on an account maintained by him is returned unpaid for insufficiency or exceeding agreed limits, provided the cheque was for discharge of a legally enforceable debt; the cheque is presented within its validity, the payee gives a written demand within thirty days of receiving bank advice of dishonour, and the drawer fails to pay within fifteen days of that notice. en-us Fri, 28 Aug 2015 07:42:38 +0530 Fri, 28 Aug 2015 07:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6411 Liability under Section 138 arises when a cheque drawn by a person on an account maintained by him is returned unpaid for insufficiency or exceeding agreed limits, provided the cheque was for discharge of a legally enforceable debt; the cheque is presented within its validity, the payee gives a written demand within thirty days of receiving bank advice of dishonour, and the drawer fails to pay within fifteen days of that notice. Articles Other Topics Fri, 28 Aug 2015 07:42:38 +0530 https://www.taxtmi.com/article/detailed?id=6411