Section 43B(h): Disallowance and Precautions to be taken while making payment to MSMEs before 31st March 2024

CA Bhawna Dua , Last updated: 07 March 2024 Share Follow on Google News

A new clause inserted by the Finance Act of 2023 allows deductions made to MSMEs on an actual payment basis instead of an accrual basis if the payment is made within the threshold limit. This section has been applicable since 1st April 2023. As we approach the end of the year, it is essential to scr

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About the Author

CA Bhawna Dua

Practicing Chartered Accountant in Delhi NCR

For any query, please reach out to her at duacabhawna @ gmail.com or send whats app +91-8800092347 Bhawna is a Chartered Accountant in Practice with 7 years of experience in Taxation, Legal and Compliances. She is also a Lawyer and CS Professional. She has a keen interest in serving the society with the utmost best ... Read more

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Section 43B(h): Disallowance and Precautions to be taken while making payment to MSMEs before 31st March 2024

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