In order to address the concerns arising out of the anonymity provided by payments through demand drafts and its possible misuse for money laundering, it has been decided that name of the purchaser be incorporated on the face of the demand draft, pay order, banker’s cheque, etc. by the issuing bank. These instructions will be effective for such instruments issued on or after September 15, 2018.
from taxmann.com News https://ift.tt/2NJ5BZA
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