Understanding applicability of Section 43B(h) to MSMEs

by CA Arvind Tuli

Bharat?	5
Preface to the Second Edition	7
Chapter 1 Background	11
Chapter 2 Need for the Amendment in Income Tax Act	15
Chapter 3 Certain deductions to be only on actual payment [Section 43B]	16
Chapter 4 Section 43B(h) – A Detailed Analysis	29
Chapter 5 Understanding Micro & Small Enterprises	37
Chapter 6 Understanding Section 15 of MSMED Act and the Time Limit	45
Chapter 7 Issues that may arise – a discussion	53
Chapter 8 Will 43B(h) solve the problem? An opinion	74
Annexure I Chart for time limits for Section 43B(h)	77
Annexure II Chart for time limits u/s 15 of MSMED Act,2006	78
Annexure III What if the supplier does not pay interest u/s 16 of the MSMED Act, 2006?	79
Appendix 1 Provision of section 43B	83
Appendix 2 Micro, Small and Medium Enterprises Development Act, 2006	88

About the Author

CA Arvind Tuli

FCA

Arvind Tuli is a well-known name in the field of CA education and direct taxation. Over the last 24 years, he has taught taxation to more than 1,50,000 CA and CS students through both face-to-face classroom teaching and online platforms. He is widely respected among students for his conceptual yet exam-oriented teaching methodology, which enables students to understand and internalise the law within the classroom itself. As a result, his students have consistently delivered strong results, with several securing All India highest ranks in CA Inter Taxation and CA Final Direct Tax.

In addition to teaching, he is a leading author in direct taxation with Bharat Law House, one of India's most respected legal publishers. His books are known for their clear structure, statutory linkage, and practical orientation, making them equally valuable for students and professionals seeking a strong conceptual foundation.

His handwritten summary charts are considered a valuable learning resource, as they condense complex taxation concepts into concise, easy-to-retain formats. Guided by his philosophy of "Fun while you learn," his classes are known to be engaging, disciplined, and academically rigorous.

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