Bharat Understanding Applicability of Section 43B(h) To MSMEs By CA. Arvind Tuli Edition August 2024

Bharat Understanding Applicability of Section 43B(h) To MSMEs

Bharat Understanding Applicability of Section 43B(h) To MSMEs

Contents

Chapter 1            Background

Chapter 2            Need for the Amendment in Income Tax Act

Chapter 3            Certain deductions to be only on actual payment [Section 43B]

Chapter 4            Section 43B(h) – A Detailed Analysis

Chapter 5            Understanding Micro & Small Enterprises

Chapter 6            Understanding Section 15 of MSMED Act and the Time Limit

Chapter 7            Issues that may arise – a discussion

Chapter 8            Will 43B(h) solve the problem? An opinion

Annexure I          Chart for time limits for Section 43B(h)

Annexure II         Chart for time limits u/s 15 of MSMED Act, 2006

Annexure III        What if the supplier does not pay interest u/s 16 of the MSMED Act, 2006?

Appendix 1         Provision of section 43B

Appendix 2         The Micro, Small and Medium Enterprises Development Act, 2006