Taxmann S Analysis How To Report Disallowance Under Section 43b H In Form 3cd
DOWNLOAD
Download Taxmann S Analysis How To Report Disallowance Under Section 43b H In Form 3cd PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Taxmann S Analysis How To Report Disallowance Under Section 43b H In Form 3cd book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Taxmann S Analysis How To Report Disallowance Under Section 43b H In Form 3cd
DOWNLOAD
Author : Taxmann
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-03-26
Taxmann S Analysis How To Report Disallowance Under Section 43b H In Form 3cd written by Taxmann and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-26 with Law categories.
The article analyses the amendment made to Clause 26 of Form 3CD through CBDT Notification G.S.R. 155(E), dated 05-03-2024, in relation to Section 43B(h) concerning delayed payments to MSEs. It also provides the tax auditor's responsibilities in reporting amounts disallowable due to delayed payments to MSEs, including: ‣ Amendment made to Clause 26 of Form 3CD as regards Section 43B(h) ‣ Need/Rationale for the amendment ‣ Problems/issues with the amendment made to Clause 26 ‣ CBDT's Corrigendum ‣ Implications and Impact of the Corrigendum Notification ‣ Points to be kept in mind by the tax auditor for reporting in amended Clause 22
Taxmann S Analysis 35 Faqs On Section 43b Disallowance Of The Sum Payable To Micro Or Small Enterprises
DOWNLOAD
Author : Taxmann
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-02-15
Taxmann S Analysis 35 Faqs On Section 43b Disallowance Of The Sum Payable To Micro Or Small Enterprises written by Taxmann and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-15 with Law categories.
Section 43B of the Income-tax Act, 1961 provides a list of several expenses allowed as a deduction on a payment basis. Introduced by the Finance Act 2023, Section 43B(h) adds a new twist for businesses dealing with Micro and Small Enterprises (MSEs). Any sum payable to them beyond the time limit specified in the MSMED Act shall be allowed as a deduction in the previous year in which such sum is actually paid. This article provides frequently asked questions on Section 43B(h) and discusses the challenges it presents for businesses seeking to maintain smooth and compliant payment practices with MSEs.