Repayment below 15 days sec 43 b(h) applicable

This query is : Resolved 

28 April 2024 Sir,
A Doctor maintained a private hospital tax audit itr filed every year purchase of medical equipment and other materials rs:50 lacs for March -24 repayment 15 days below period.
Question:
Repayment 15 days below sec 43 b(h) provision applicable or not applicable

28 April 2024 Applicable.
Income Tax rule that bars businesses from claiming tax deductions for payments beyond 45 days to MSMEs for supply of goods and services will come into effect from 1 Apr 2024



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries