Disallowance of Section 43B(h) to sez units
This query is : Resolved
25 November 2024
I want to know whether Disallowance of section 43B(h) is applicable to units registered under SEZ?
25 November 2024
Disallowance under Section 43B(h) is applicable to SEZ units. The key point is that payments covered under Section 43B(h) will only be allowed as a deduction when they are actually paid within stipulated time frame, even for SEZ units. The tax exemption benefits under Section 10AA for SEZ units do not extend to bypassing the provisions of Section 43B(h).
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