43b

Income Tax

MSME Payment delays to burn a hole in your pocket: Decode the changes in 43B.

In a world where business dynamics are continuously changing, recent amendments to Section 43B of the Income Tax Act are sending shock waves through the channels of trading. Picture this: As a business owner relying...

Romil Shah - February 8, 2024

Income Tax

Section 43B: What’s New and Why It Matters & Impact on MSME Payments.

To promote timely payments to micro and small enterprises, payments made to such enterprises have been included within the ambit of section 43B of the Act vide FA 2023. A new clause (h) has...