Section 43B(h) of Income Tax Act and MSME Payments: The New Tax Trap You Didn’t See Coming
What’s the Fuss About MSME Payments? From FY 2023-24 onwards, businesses have a new tax compliance headache: Section 43B(h) of the Income Tax Act. What does Section 43B(h) of Income Tax Act says: any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the … Read more