Continuing with the previous example, when payment is received by cheque on 26.05.2017 and entered in books of account on same day. But cheque actually credited in Bank Account on 09.06.2017. What will be the date of payment in the case when change of tax rate taken Place.


Date of payment 9.06.2017

Because cheque is credited in bank account after 4 working days from 1.06.2017( date of change in rate).