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, a name that needs no introduction in the CA Education industry, has taught taxation to more than 20,000 CA,CS and B.Com students over a period of last 17 years through face to face, online and pen drive medium. He is known among students for his conceptual yet exam oriented teaching methodology, making students understand and memorize the law within the class itself. It is because of this reason that his students have constantly been getting good scores in taxation,getting ranks and two of his students also scoring highest marks in IPCC tax and CA Final Direct taxes all over the country. His handwritten summary charts are a treasure for any CA student as they summarize the deepest of the taxation concepts in minimum possible content effectively. Successfully implementing his mantra of "Fun while you learn", his classes are always lively and interesting.

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