If you are paying taxes in cash at any designated bank branch or by cheque at the bank branch where you have a bank account, the bank will accept your cash/ cheque and will immediately stamp the counterfoil of the challan with a rubber stamp containing the CIN. If however, you are paying taxes by cheque/draft at a bank branch other than where you have a bank account, the collecting bank branch will accept your cheque/draft and issue you a paper token in acknowledgement. When you present this token after encashment of the cheque, the bank will hand over the acknowledgement counterfoil duly stamped with the CIN.
