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AMENDMENT IN SECTION 43B OF INCOME TAX ACT, 1961: PAYMENT TO MSME VENDOR/ SERVICE PROVIDER/ MANUFACTURER

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  • 15 Oct, 2019 24 Feb, 2024

AMENDMENT IN SECTION 43B OF INCOME TAX ACT, 1961: PAYMENT TO MSME VENDOR/ SERVICE PROVIDER/ MANUFACTURER

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 IMPORTANT AMENDMENT IN SECTION 43B (h) OF INCOME TAX ACT, 1961: PAYMENT TO MSME VENDOR/ SERVICE PROVIDER/ MANUFACTURER The Government’s focus on enhancing liquidity for MSME entities has led to various amendments. The Finance Bill 2023 brought changes to Section 43B of the Income Tax Act, 1961, impacting MSME payments. Finance Bill, 2023 had made amendment to Section 43B of Inc

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