About this document

Section 43B(h) and MSE Payment Impacts by Harsh Loya is a document available to read on EtoBox.

Section 43B(h) of the Income Tax Act, introduced by the Finance Act, 2023, aims to improve liquidity for Micro and Small Enterprises (MSEs) by linking tax deductibility of business expenses to timely payments. While it provides a financial incentive for prompt payments, concerns have arisen regarding compliance burdens on corporations and the exclusion of certain small businesses from its benefits. The provision

Author

Harsh Loya

Language

EN