INCOME TAX SECTION REGARDING 43 B (1) H


This query is : Resolved 

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This discussion clarifies the applicability of Income Tax Section 43B(1)(h) for firms operating under Section 44AD. Even if your firm uses Section 44AD, the rule regarding manufacturer vendors is still applicable. This means the provisions of Section 43B(1)(h) must be considered.

(Querist)
23 February 2024 OUR FIRM UNDER 44AD
BUT SOME VENDORS ARE MANUFACTURER
.... SO INCOME TAX THIS RULE APPLICABLE OR NOT
THANKS IN ADVANCE

11 May 2024 Yes, it is applicable.

09 September 2024 Good Luck.


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