Analysis on New Clause (H) of Section 43B of the Income tax Act, 1961

CA. Nirmeet Shah , Last updated: 02 February 2024  
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1. Introduction The Finance Bill 2023 has introduced a significant amendment to the Income Tax Act, 1961, relating to Micro and Small Enterprises (MSMEs) which is applicable from 1st of April, 2023. Specifically, the amendment introduces Section 43B (h), impacting the deduction of overdue payment

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CA. Nirmeet Shah
(Chartered Accountant)
Category Income Tax   Report

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