https://www.taxtmi.com/article/detailed?id=10829 Whether a dishonoured post dated cheque issued as security falls under Section 138 depends on whether the cheque represented a legally enforceable debt on the date of presentation. If the underlying liability is discharged or part paid before presentation, the enforceable debt at presentation is reduced accordingly; only a cheque that represents the legally enforceable sum at maturity will engage Section 138. Proper endorsement under Section 56 is required to reflect interim part payments. en-us Thu, 24 Nov 2022 10:49:47 +0530 Thu, 24 Nov 2022 10:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10829 Whether a dishonoured post dated cheque issued as security falls under Section 138 depends on whether the cheque represented a legally enforceable debt on the date of presentation. If the underlying liability is discharged or part paid before presentation, the enforceable debt at presentation is reduced accordingly; only a cheque that represents the legally enforceable sum at maturity will engage Section 138. Proper endorsement under Section 56 is required to reflect interim part payments. Articles Other Topics Thu, 24 Nov 2022 10:49:47 +0530 https://www.taxtmi.com/article/detailed?id=10829