Tarun Shah (264 Points)09 February 2024
Replied 12 February 2024
Section 43B(h) of the Income Tax Act, a provision introduced in the 2023 Finance Bill, has generated significant confusion among companies engaging with Micro and Small Enterprises due to its intricate stipulations. In this explanatory guide, we aim to untangle some of the knotty issues posed by this section by addressing commonly posed queries and furnishing lucid direction for businesses collaborating with MSEs. While deciphering its fallouts requires unraveling convoluted threads, we hope that this article begins to disentangle the complex new realities businesses face in partnering with MSEs under the new tax code.
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