Applicability of 43B(h)
This query is : Resolved
Quick Summary
29 March 2024
Whether 43B(h) Is Applicable on those Companies on Which Tax Audit is Not Applicable. i.e. Turnover Is Less Than Tax Audit limit.
29 March 2024
43B(h) not applicable when tax audit is not applicable.
29 March 2024
Yes, the provision of Section 43B(h) would be applicable even though the assessee is not liable of tax audit. It is not depended on whether Tax Audit is applicable or not.
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