Post-Dated Cheque (PDC)

Tax Glossary Definition

Post-Dated Cheque (PDC)

A post-dated cheque is a cheque that bears a future date, meaning it cannot be encashed until the specified date arrives. Liability and related tax implications, such as TDS, are generally considered at the time the payment is actually due or realized, not when the cheque is issued.

Example: A PDC issued for rent of ₹50,000 will be considered payment only when the cheque is presented and cleared.

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