Home > Tax returns filing questions > Why is a cheque in India returned with a return code 40 saying present with document?
Why is a cheque in India returned with a return code 40 saying present with document?
Arun
Cheque gets returned due to a number of reasons such as insufficient funds, illegible signature, payment stopped by court order etc. Each of these cheque return reason is given a return code.
Return code 40 means that cheque needs to be presented with documents to confirm the veracity of the cheque. Paying bank might request the cheque holder to bring a certified copy of cheque duly sealed and signed by the bank manager.
Tax returns filing - Recently Asked Questions
How can I apply for Registration of Tax under section 12A?
What is meant by agriculture income? What transactions are covered under agricultural income?
What is the taxability of amount received by nominee/legal heir from LIC on death of an individual?