45-Day Payment Policy for MSMEs Receives Endorsement from Industry Associations, FinMin Reveals

Last updated: 28 November 2024

The revised Section 43B of the Income-tax Act, 1961, introduced in the Union Budget last year, has been widely endorsed by MSME associations across India, said Pankaj Chaudhary, Minister of State for Finance, in the Lok Sabha on Monday. The revision aims to address the chronic issue of delayed payme

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