All about Section 43B(h)

CA. Ankit Chandrakar , Last updated: 01 April 2024  
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The Finance Act, 2023 inserted a new clause (h) in income tax section 43B that allows deductions made to MSMEs on an actual payment basis rather than the accrual basis if the payment is created within the threshold limit. This clause comes into effect from 1st April, 2023. Let us try and understa

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CA. Ankit Chandrakar
(chandrakar.ankit@gmail.com)
Category Income Tax   Report

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