Cheque bounce is one of the most common and serious financial offences in India that can be unpropitious for the issuer, who can face any or all of the following adversities: Penalty by the bank: Most of the banks charge penalty to both the issuer

80CCC Payment of premium for annuity plan of LIC or any other insurer, deduction is available up to a maximum of Rs. 1,00, 000/- The Finance Act 2015 has enhanced the ceiling of deduction under Section 80CCC from Rs.100, 000 to Rs. 1, 50,