Finance Ministry Expected to Delay 45-Day Payment Rule for MSMEs Until April 2025

Last updated: 05 March 2024

Sources reveal that the Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which necessitates payments to micro, small, and medium enterprises (MSMEs) within 45 days. This potential postponement, expected to extend for a full financial year, ai

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