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section 43B

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Section 43B of Income Tax Act: Implications for Service Tax/GST: Litigation & Tax Audit

CA, CS, CMA : Explore Section 43B of the Income Tax Act 1961, focusing on GST and Service Tax implications, including disallowance, audits, and ...

August 2, 2024 1281 Views 1 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

Frequent Asked Question on Section 43B(h): New Provisions for MSMEs

Corporate Law : Explore FAQs on Section 43B(h) and new provisions for MSMEs. Understand key amendments, payment deadlines, and tax implications un...

July 27, 2024 10299 Views 6 comments Print

Understanding the Amendment to Section 43B of Income Tax Act for MSMEs

Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...

June 12, 2024 1269 Views 2 comments Print

Section 43B(h): Allowability of Payments to MSMEs beyond statutory timeline

Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...

May 28, 2024 2697 Views 1 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

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

Message to Micro and Small Enterprise/Suppliers (Manufacturing) – Section 43B(h)

Income Tax : Explore how the new 43 B (h) clause of the IT Act impacts Kerala Textiles and Garments Dealers Welfare Association and their appea...

February 12, 2024 810 Views 0 comment Print


Latest Judiciary


Contribution to National Pension System before filing of return allowable: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that contribution under National Pension System (NPS) belatedly, however, before filing of return is allowable...

August 15, 2024 381 Views 0 comment Print

Addition merely based on retracted statement without any incriminating material unsustainable: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that addition merely on the basis of retracted statement without any incriminating material seized from assess...

August 12, 2024 276 Views 0 comment Print

TDS on unfinished work deductible post receipt of 100% revenue of project: ITAT Delhi

Income Tax : The assessee had filed return of income of Rs.92,06,590 which was selected for complete scrutiny and during the course of assessme...

August 12, 2024 252 Views 0 comment Print

Bonus Paid as CTC cannot be Disallowed Under Section 43B for Non-Payment at year end

Income Tax : Read the detailed analysis of Renault Nissan Automotive India Pvt Ltd vs DCIT case where ITAT Chennai grants relief on bonus disal...

July 20, 2024 663 Views 0 comment Print

Delayed deposit of employees’ contribution to PF/ESI not allowable

Income Tax : Learn about the ITAT Kolkata ruling where employer's PF contribution disallowance under Sec 36(1)(va) was upheld. Full text of the...

July 4, 2024 618 Views 0 comment Print


Latest Notifications


CBDT notifies Interest on Loan to NBFCs under Section 43B(da) of Income Tax Act

Income Tax : Central Board of Direct Taxes (CBDT) has recently issued a crucial notification concerning the payment of interest on loans to Non...

September 22, 2023 6000 Views 0 comment Print

MSMEs vs. Traders: Understanding Delayed Payment Benefits

Corporate Law : Explore how the recent policy update impacts MSMEs and traders regarding delayed payment benefits under the MSMED Act, 2006. Insig...

September 1, 2021 2307 Views 0 comment Print

Chapter VIA deduction on enhanced profits after disallowance eligible

Income Tax : Disallowances made under sections 32, 40(a)(ia), 40A(3), 43B, etc. of the Act and other specific disallowances, related to the bus...

November 2, 2016 6541 Views 0 comment Print

Section 43B: CBDT clarifies Due date for payment of Employee Provident fund

Income Tax : Income Tax Circular No. 22/2015 W.c.f. 1.4.1988, the settled position is that if the assessee deposits any sum payable by it by wa...

December 17, 2015 59761 Views 0 comment Print

The liability to pay sales tax by instalments cannot be treated to be beyond the provisions of section 43B of the Act

Income Tax : Whether the liability has been deferred or not has to be considered not from the simplistic point of the term 'defer' but in conte...

July 9, 2010 1931 Views 0 comment Print


MSME Section 43B – अपने सप्लायर से एक डिक्लेरेशन ले लें

February 17, 2024 22224 Views 0 comment Print

आयकर अधिनियम, 1961 में एमएसएमई धारा 43बी(एच) के प्रभावों की अन्वेषण करें। जानें कि आपूर्तिकर्ताओं से घोषणा प्राप्त करना क्यों करणीय है जिसका कर अनुपालन के लिए महत्वपूर्ण है। एक नमूना घोषणा पत्र प्राप्त करें।

Tax Time Made Easy: Mastering Section 43B(h) with a Friendly Q&A & Year-Specific Dates

February 15, 2024 1326 Views 0 comment Print

Unlock the power of Section 43B(h) in the Indian Income Tax Act. Learn how timely payments impact your business, boost cash flow, and gain negotiating leverage. Guide for 2024

Provisions of Income Tax Act Regarding Micro And Small Enterprise

February 14, 2024 1521 Views 0 comment Print

Explore the Income Tax Act recent amendments regarding Micro and Small Enterprises. Learn about deductions, payment timelines, and the impact on small businesses

Disallowance of Outstanding Payments to Small & Micro Enterprises: Income Tax Act

February 14, 2024 1824 Views 0 comment Print

Explore the implications of Budget 2022’s Section 43B(h) under the Income Tax Act, affecting deductions for payments to Micro and Small Enterprises. Detailed analysis and practical insights.

Snips on Section 43B (h) of Income Tax Act, 1961 Related to MSME Enterprises

February 14, 2024 1548 Views 0 comment Print

Explore the intricacies of Income Tax Act Section 43B(h) related to MSMEs. Detailed analysis, compliance guidelines, and insights for businesses. Stay informed

Section 43B(h) and Limitation Period under Section 15 of MSMED Act

February 14, 2024 5037 Views 0 comment Print

Explore the essentials of Section 43B(h) & Section 15 under MSMED Act for prompt payments & legal compliance in micro, small, and medium enterprises.

Reassess GST Disallowance under Section 43B based on actual payment dates: ITAT Pune

February 14, 2024 1647 Views 0 comment Print

ITAT Pune orders re-examination of GST disallowance for Sharp Aluminium, emphasizing correct assessment based on actual GST payment dates.

All about Section 43B (h) of Income Tax Act, 1961 Related to MSME Enterprises

February 14, 2024 13449 Views 0 comment Print

Explore the impact of Section 43B(h) of the Income Tax Act on MSMEs, including applicability, non-applicability, and compliance requirements for businesses.

Bombay High Court allows income tax deduction for excise duty claims

February 13, 2024 246 Views 0 comment Print

Bombay High Court allows income tax deduction for excise duty claims, clarifying it doesn’t lead to double deduction. Key details and implications explained.

Section 43B(h) of Income Tax: Deductions for Payments to MSEs

February 13, 2024 1917 Views 0 comment Print

Gain clarity on Section 43(B)(h) of the Income Tax Act, 1961 regarding deductions for payments to micro and small enterprises. Understand its provisions and compliance requirements.

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