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MSMED Act

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Practical Intricacies of Section 43B(h)

Income Tax : Explore the practical implications of Section 43B(h) of the Income Tax Act, its applicability, disallowance scenarios, and complia...

March 29, 2024 96 Views 0 comment Print

Section 43B(h): Disallowances of expenses due to non-payment to MSMEs

Income Tax : Explore Section 43B (h) of the Income Tax Act, 1961, analyzing disallowances of expenses due to non-payment to MSMEs. Effective fr...

March 28, 2024 3948 Views 0 comment Print

Section 43B(h) of Income Tax Act 1961 w.e.f 01-04-2024 & Applicable from AY 2024-25

Income Tax : Explore Section 43B(h) of the Income Tax Act 1961, effective from April 1, 2024, applicable from Assessment Year 2024-25, impactin...

March 27, 2024 18933 Views 0 comment Print

Detailed Analysis on Section 43B(h)

Income Tax : Discover the detailed analysis of Section 43B(h) under the Income Tax Act, 1999, concerning timely payments to Small and Micro Ent...

March 27, 2024 1650 Views 0 comment Print

MSME Payments: Section 43(B)(h): Now at Present What You Have to do?

Income Tax : The financial year 2023-24 is about to end, so all taxpayers who purchase goods or services from MSME registered MICRO and SMALL m...

March 27, 2024 42699 Views 1 comment Print


Latest News


4 Crore Enterprises Registered: Milestone for MSME Formalization

Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...

March 16, 2024 147 Views 0 comment Print

Registrations of Micro Enterprises on Udyam Assist Platform cross 1.50 crore

Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...

March 5, 2024 315 Views 0 comment Print

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday┬...

February 26, 2024 9645 Views 0 comment Print

MSME Development and Credit in the Country

Corporate Law : Explore the comprehensive efforts by the Ministry of Micro, Small & Medium Enterprises to enhance credit accessibility for MSMEs t...

February 7, 2024 207 Views 0 comment Print

Representation on Disallowance under Section 43B(h) of Income Tax Act, 1961

Corporate Law : Read the Karnataka State Chartered Accountants Associations representation on the challenges and proposed solutions regarding disa...

January 30, 2024 4953 Views 0 comment Print


Latest Notifications


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 2592 Views 0 comment Print

RBI Updates MSME Classification: New Guidelines for Enterprises

Fema / RBI : Explore the latest RBI guidelines on the classification of Micro, Small & Medium Enterprises (MSMEs). Learn about the revised crit...

December 28, 2023 31521 Views 0 comment Print

RBI Expands Trade Receivables Discounting System (TReDS) for MSMEs

Fema / RBI : RBI announced enhancements to Trade Receivables Discounting System (TReDS), aiming to alleviate liquidity constraints for MSMEs. ...

June 7, 2023 1578 Views 0 comment Print

Formalisation of Informal Micro Enterprises on Udyam Assist Platform

Fema / RBI : Government of India, vide Gazette Notification S.O. 1296(E) dated March 20, 2023, has specified that the certificate issued on the...

May 9, 2023 1407 Views 0 comment Print

Amendments to scheme of Credit Guarantee Fund for Micro Units

Corporate Law : Guarantee fee shall be paid on the sanctioned amount corresponding to the outstanding balance of the quarterly built up balance of...

March 21, 2023 579 Views 0 comment Print


What is Section 43B of Income Tax Act, 1961?

February 27, 2024 1974 Views 0 comment Print

Discover the intricacies of Section 43B of the Income Tax Act, its conditions, exceptions, and impact on tax liability. Ensure compliance for seamless tax filing.

Payments to MSMEs – decoding Section 43B(h) read with MSMED Act

February 26, 2024 10407 Views 1 comment Print

Understand Section 43B(h) of the Income Tax Act, 1961, its implications, and how it impacts payments to micro and small enterprises. Learn about compliance requirements and exemptions in this comprehensive guide.

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

February 26, 2024 9645 Views 0 comment Print

Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday┬а 11:00 AM by Advocate Rajbir Singh.

Clause (h) to section 43B of Income Tax Act

February 26, 2024 1458 Views 0 comment Print

Learn how Finance Act 2023’s amendment to Section 43B enhances tax deductions for payments to MSMEs within specified deadlines, boosting compliance and support for small businesses.

Section 43B(h): FAQs Answered in simple language by CA Sudhir Halakhandi

February 25, 2024 23697 Views 5 comments Print

Unravel the complexities of Section 43B(h) related to MSME payments with insights from Sudhir Halakhandi in an enlightening interview.

How to recover money under the MSME Samadhaan Scheme

February 24, 2024 1566 Views 0 comment Print

Discover how to recover unpaid dues under the MSME Samadhaan Scheme. File complaints efficiently with the government’s portal. Essential steps and documents outlined here!

New Criteria and definition of MSME wef 01.07.2020

February 23, 2024 3309 Views 0 comment Print

India’s new MSME criteria effective July 1, 2020, redefine business scales for growth, integrating investment and turnover for a streamlined classification.

Payments to MSME vendors and Section 43B(h) disallowance

February 22, 2024 3186 Views 0 comment Print

Learn about the financial implications of late payments to MSME vendors under the MSMED Act and Finance Bill, 2023, and how it affects tax deductions.

Understanding Recent Amendment to Section 43B(h) of Income Tax Act in India

February 22, 2024 1023 Views 0 comment Print

Explore the amendment to Section 43B(h) of the Income Tax Act, 1961, which now includes deductions for contributions to state welfare funds for employees.

Is GST gamechanger for MMSEs?

February 21, 2024 1164 Views 3 comments Print

Explore the 5-year journey of GST’s impact on MSMEs in India, uncovering the pros, cons, and future directions for streamlined tax compliance and growth.

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