Section 43B (h) of Income Tax Act, 1961
Definition of MSME Enterprises
|
Particulars |
MICRO |
SMALL |
MEDIUM |
|
Turnover |
<=5 Crore |
<=50 Crore |
<=250 Crore |
|
Investment in Plant & Machinery |
<=1 Crore |
<=10 Crore |
<=50 Crore |
Non-Applicability of New Clause (h) of Section 43B
Other Points
Examples
|
Particulars |
Invoice Date |
Payment Due (45 Days) |
Actual Payment |
Deduction Allowed (FY) |
|
Example-1 |
01-Feb-2024 |
16-Mar-2024 |
29-Mar-2024 |
2023-24 |
|
Example-2 |
01-Feb-2024 |
16-Mar-2024 |
03-Apr-2024 |
2024-25 |
|
Example-3 |
17-Feb-2024 |
02-Apr-2024 |
01-Apr-2024 |
2023-24 |
|
Example-4 |
17-Feb-2024 |
02-Apr-2024 |
04-Apr-2024 |
2024-25 |
|
Example-5 |
01-Mar-2024 |
14-Apr-2024 |
11-Apr-2024 |
2023-24 |
|
Example-6 |
01-Mar-2024 |
14-Apr-2024 |
22-Apr-2024 |
2024-25 |
|
Example-7 |
15-Nov-2023 |
29-Dec-2023 |
06-Apr-2024 |
2024-25 |
|
Example-8 |
15-Nov-2023 |
29-Dec-2023 |
28-Mar-2024 |
2023-24 |
|
Example-9 |
16-Feb-2024 |
31-Mar-2024 |
01-Apr-2024 |
2024-25 |
|
Example-10 |
15-Sept-2023 |
29-Oct-2023 |
02-Apr-2024 |
2024-25 |
|
Example-11 |
15-Sept-2023 |
29-Oct-2023 |
01-Oct-2023 |
2023-24 |
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