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MSMED Act

Latest Articles


Difference between MSME and Start up

Corporate Law : Learn the criteria for DPIIT startup recognition, including company age, turnover limits, and eligibility differences from MSMEs....

August 16, 2024 21 Views 0 comment Print

Udyam Registration Process For MSMEs in India

Corporate Law : Learn about Udyam Registration for MSMEs: process, eligibility, benefits, and how it streamlines access to government schemes and ...

August 13, 2024 588 Views 0 comment Print

Reporting Requirement of Clause 22 [Amount Covered under section 43B(h)] of Form 3CD

Income Tax : Learn about the amendment to Clause 22 of Form 3CD under Section 43B(h) and its impact on reporting requirements for payments to M...

August 1, 2024 5379 Views 1 comment Print

A Snapshot on Challenges and Opportunities for MSMEs

Corporate Law : Explore the challenges and opportunities for MSMEs in India, their role in the economy, and government schemes aimed at fostering ...

July 30, 2024 336 Views 0 comment Print

Union Budget 2024 and MSMEs

Finance : Explore Budget 2024's focus on MSMEs with new credit assessments, credit guarantees, Mudra loan increases, and support for global ...

July 29, 2024 570 Views 0 comment Print


Latest News


Concerns on Corporate Tax, MSME Deductions, GST Rates

CA, CS, CMA : Explore recent updates on corporate tax rates, MSME concerns over tax deductions, and GST rates for shawls as addressed in Lok Sab...

August 5, 2024 306 Views 0 comment Print

Urgent Request for Amendment to Section 43(B)(h) for MSMEs

Income Tax : Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and ...

July 27, 2024 10815 Views 0 comment Print

Eight New Measures to Support MSMEs in Union Budget 2024

Corporate Law : Union Budget 2024 introduces eight new MSME support measures, including credit schemes, enhanced Mudra loans, and new SIDBI branch...

July 23, 2024 546 Views 0 comment Print

Representation against Proposed Amendment In Section 43B of Income Tax

Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...

June 11, 2024 5073 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 10, 2024 10233 Views 1 comment Print


Latest Judiciary


Banks and NBFCs obliged to adopt restructuring process before classification of account as NPA: Supreme Court

Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...

August 9, 2024 345 Views 0 comment Print

SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...

May 8, 2024 11586 Views 0 comment Print

Docket Care Systems Vs Hariwill Electronics India Pvt. Ltd. (Allahabad High Court) 

Corporate Law : Explore Allahabad High Court's judgment on predeposit under Section 19 of MSMED Act in the case of Docket Care Systems Vs. Hariwil...

April 26, 2024 660 Views 0 comment Print

Crown’s preferential right of recovery of debts does not extend to secured creditors

Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...

January 28, 2024 876 Views 0 comment Print

Calcutta HC: Pre-Deposit Required for Section 34 Arbitration Act Applications under Section 19 MSME Act

Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...

August 8, 2023 1107 Views 0 comment Print


Latest Notifications


MSME Form-1 amended: Companies to Report MSEs Overdue Payment

Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...

July 15, 2024 8577 Views 0 comment Print

Corrigendum to Income Tax Notification No. 27 of 2024

Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...

March 19, 2024 5295 Views 0 comment Print

Air Cooler and Air Filters (Quality Control) Order, 2023

Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...

March 5, 2024 357 Views 0 comment Print

Potable Water Bottles (Quality Control) Order, 2024

Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...

March 5, 2024 480 Views 0 comment Print

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2024

Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...

March 5, 2024 495 Views 0 comment Print


Important Income Tax Amendment Applicable For F.Y. 2023-24 (A.Y. 2024-25)

February 10, 2024 9852 Views 0 comment Print

Introduction: The financial year 2023-24, corresponding to the assessment year 2024-25, introduces significant amendments that impact taxability, exemptions, and deductions. These changes are pivotal for taxpayers aiming to navigate the altered fiscal landscape effectively. Understanding these amendments is crucial for optimizing tax planning and compliance. Applicable Sec Particulars Taxability Sec 50AA Taxability of Debt Fund […]

Demystifying Section 43B(h) of the Income Tax Act, 1961

February 10, 2024 1422 Views 1 comment Print

Explore the nuances of Section 43B(h) introduced in the Income Tax Act, 1961 by the Finance Act, 2023, focusing on its impact on payments to Micro and Small Enterprises.

All about Section 43B(h) of income tax act 1961 with illustrations

February 9, 2024 9060 Views 4 comments Print

Delve into Section 43B(h) of the Income Tax Act, 1961, focusing on its impact on timely payments to MSEs, with illustrations and key takeaways for businesses.

Whether Section 43B(h) is Boon or Bane for MSMEs?

February 8, 2024 8403 Views 1 comment Print

Discover whether the newly introduced Section 43B(h) of the Income Tax Act is a Boon or a Bane for MSMEs. Is it an opportunity for Industrialists or a possible challenge?

Complete Analysis of Section 43B(h) of Income Tax Act w.r.t. MSME Payment

February 8, 2024 5223 Views 0 comment Print

Understanding Section 43B(h) of the Income Tax Act regarding payments to MSME suppliers. New tax implications from AY 2024-25. Learn criteria, implications, and practical scenarios.

Section 43B(h) Deduction Allowed only on Payment Basis

February 7, 2024 4695 Views 0 comment Print

Explore Section 43B(h) of the Income Tax Act, focusing on deduction allowances only on payment basis for payments to Micro & Small Enterprises. Analysis, implications, and compliance explained.

Tick-Tock! Is Your Tax Clock Running Out on MSME Payments?

February 7, 2024 2112 Views 0 comment Print

Learn how recent tax code amendments (Section 43B(h)) impact businesses’ deductions for Micro and Small Enterprise (MSE) payments. Don’t let delays catch you off guard!

MSME Development and Credit in the Country

February 7, 2024 321 Views 0 comment Print

Explore the comprehensive efforts by the Ministry of Micro, Small & Medium Enterprises to enhance credit accessibility for MSMEs through schemes like PMEGP, PMMY, PM Vishwakarma Scheme, and more.

MSME: Digital Loan approval in 59 minutes

February 7, 2024 612 Views 2 comments Print

MSMEs and smaller enterprises can get digital loan approval in just 59 minutes. Get the loan details such as eligibility, amount and GST details you need to keep ready for application on SIDBI’s portal now.

Applicability of Section 43B(h) for MSME Act 2006

February 7, 2024 22560 Views 0 comment Print

Explore the applicability and basic conditions of Section 43(H) under the Income Tax Act, effective from April 1, 2023. Understand its impact on micro and small businesses registered under the MSME Act of 2006.

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