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U/S 43(B) IS APPLICABLE TO ALL DEALERS

Others 350 views 5 replies

B GKAMATAR

TAX CONSULTANT

152 Points Posted on 11 April 2024

ARREARS OF PAYMENT TO SUNDRY CREDITORS WITHIN 15 DAYS. OR 45 DAYS U/S 43(B) IS APPLICABLE TO ALL DEALERS OR ONLY MANUFACTURING DEALERS PLEASE ANSWER GIVE ME

Replies (5)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 11 April 2024

I can't understand Your query.
But, As I assumed...

It's applicable to MSME registered supplier who is as Micro and Small sectors (It's not applicable to traders)

B GKAMATAR

TAX CONSULTANT

152 Points Posted on 11 April 2024

You are understanding my query ok THANQ U

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 11 April 2024

Originally posted by : B GKAMATAR
	You are understanding my query ok THANQ U

Well...

Thank You

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 11 April 2024

It's applicable to every dealer, but if the creditor is trader then no addition made u/s 43B(h)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 April 2024

It's not applicable to all dealers...

It's not applicable to who is not registered under MSME act, who is filed ITR under presumptive scheme or no books of Accounts case...