I-T clause 43B(h) to ensure MSMEs are paid on time creates hurdle
Tax experts, however, are of the view that the payment timelines are unrealistic and the government needs to reconsider extending …
MSME
Thousands of India’s MSMEs cancel registration as payment deadline hits business
A new rule mandating a 45-day deadline for payments due to micro, small, and medium enterprises (MSME) took effect on …
CBDT Amends Form 3CD again: Changes in Reporting Requirements for MSME Section 43B(h)
The Central Board of Direct Taxes (CBDT) has introduced significant amendments to Form 3CD through two notifications dated 05-03-2024 and …
MSME 45 days payment Rule to be amended soon
A change introduced last year in the Income Tax Act to help small businesses receive timely payments might have had …
MSME 45 days payment Rule – What FM Nirmala Sitharaman said on this? is this extend?
MSME 45 Days Payment Rule – 43B(h) became headache for the business and every businessman wants to listen from the …
For MSMEs, GST is a concern that parties must address this election season
GST slabs have paralysed many of these units as ‘MSMEs do not have the resources or understanding of GST mainly …
45-day MSME payment rule comes into effect on April 1: What it means and what changes. Complete details here
New MSME payment rule 2024: FISME said that the rule could be beneficial for MSMEs. Income Tax rule that bars …
Explained: Tax implications under Section 43B (h) on MSME payments
The clause (h), which will come into effect on April 1, 2024 with 2024-25 as the assessment year (that is …
NIC code list for Udyam/MSME, Company, LLP Registration
The National Industrial Classification Code, commonly referred to as the NIC Code, serves as a vital statistical standard aimed at …
MSME 45 Days Payment Rule-43(b)h, explained with examples – No date extension yet, so do this till 31 March
Introduction: Effective from April 1, 2023 (FY 2023-24 & AY 2024-25), the amendment to Section 43B(h) of the Income Tax …
