28 April 2024
Sir, A Doctor maintained a private hospital tax audit itr filed every year purchase of medical equipment and other materials rs:50 lacs for March -24 repayment 15 days below period. Question: Repayment 15 days below sec 43 b(h) provision applicable or not applicable
28 April 2024
Applicable. Income Tax rule that bars businesses from claiming tax deductions for payments beyond 45 days to MSMEs for supply of goods and services will come into effect from 1 Apr 2024
CAclubindia
