The finance ministry is considering an amendment to Section 40A of the Income Tax Act to check unaccounted transactions by business assessees through crossed cheques and demand drafts. Section 40A ...

Withholding tax at the rate of 0.3 percent would not be applicable on interbank or intra-bank transfer of funds and payments made through crossed cheques for purchase of financial instruments. Through ...

The government would not charge 0.3 percent withholding tax on banking transaction made through crossed cheques exceeding Rs 25,000 under the 231AA of the Income Tax Ordinance 2001. Federal Board of ...

The government on Sunday again allowed businesses to use banking cheques for making payments of over Rs250,000 after disbanding their use just two days ago, underscoring its lack of preparedness ...

Bhayandar: Sleuths of the Navghar police in Bhayandar have arrested a 38-year-old fraudster for his alleged involvement in duping people by taking crossed and cancelled cheques inked with erasable ...

In the world of banking, cheques and demand drafts remain essential financial instruments for secure and reliable ...

TO many of us, the idea of a crossed cheque is quite simple - it can only be deposited in your bank account and can't be cashed. It's as safe as houses you might think. But not if you are a civil ...

Usually, banks issue chequebooks to savings account holders. Banks issue cheques to both current account holders and savings account holders. In this era of UPI and digital transactions, the ...

KARACHI: To combat the spread of Covid-19 pandemic by limiting personal interactions and to provide ease to customers, banks and micro finance banks (MFBs) have been allowed to provide Doorstep Cheque ...