REGARDING SECTION 43B 1 H
This query is : Resolved
25 April 2025
WE OPTED IN 44AD SCHEME
AND PURCHASE GOOD FROM MSME
SO THIS SECTION WILL APPLY OR NOT
THANKS IN ADVANCE
AND PURCHASE GOOD FROM MSME
SO THIS SECTION WILL APPLY OR NOT
THANKS IN ADVANCE
25 April 2025
Yes, it is applicable...
25 April 2025
BUT PURCHASE GOOD MSME TRADERS NOT MANUFACTURER ..SIR NOW ITS APPLICABLE SIR
25 April 2025
CBDT’s clarification (Circular No. 2/2024, 11 Jan 2024) confirms that Section 43B(h) applies to all registered MSMEs, including traders.
So, if you bought goods from an MSME-registered trader ( a valid Udyam Registration Certificate), timely payment (within 15/45 days) is mandatory for claiming the expense deduction.
So, if you bought goods from an MSME-registered trader ( a valid Udyam Registration Certificate), timely payment (within 15/45 days) is mandatory for claiming the expense deduction.
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