Closing Your Books in 2024? Know MSME 45 Days Payment Rule in 2024

CA Guru Ji
CA Guru Ji
194.7 هزار بار بازدید - 7 ماه پیش - Effective from April 1, 2023
Effective from April 1, 2023 (FY 2023-24 & AY 2024-25), Section 43B(h) of the Income Tax Act has been a crucial amendment aimed at ensuring timely payments to Micro and Small Enterprises (MSEs). This section imposes disallowances for delayed payments, impacting the taxable income of the assessee. It is applicable to all types of purchases made from enterprises registered under the MSMED Act, 2006.

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7 ماه پیش در تاریخ 1402/11/03 منتشر شده است.
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