2025年2月7日 · Section 43B(h) of the Income-Tax Act (ITA), 1961, introduces a significant compliance challenge for entities. However, with a clear understanding of the provision and a proactive approach to managing vendor payments, enterprises can …

2024年2月14日 · Section 43B(h) refers to the limitation period specified under Section 15 of the MSMED Act, which provides that where any supplier supplies any goods or renders any services to any buyer, the buyer shall make payment therefor on or before the date agreed upon between him and the supplier in writing.

2024年9月16日 · What is rule of 43B(h)? Provisions of section 43B(h) mandates timely payment by the buyer of goods or services to micro enterprise or small enterprise. If the amount is not paid within time limit, the same will be allowed as deduction only after actual payment to the enterprise.

A new clause (h) has been inserted in section 43B of the Act to provide that any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development (MSMED) Act 2006 shall be allowed as deduction only on

2024年3月27日 · Explore Section 43B(h) of the Income Tax Act 1961, effective from April 1, 2024, applicable from Assessment Year 2024-25, impacting timely payments to micro and small enterprises.

2024年8月23日 · Section 43b (h) of income tax act states that any payment due to a Micro or Small Enterprise must be paid within 45 days as per the MSMED Act.

2024年9月13日 · Understand Section 43B(h) of the Income Tax Act on timely payments to MSEs, its applicability, time limit, consequences, and mandatory disclosures.