Table of Contents
Overview Applicability Consequences Positive Impact Negative Impact Illustration FAQs
Overview
The Finance Act of 2023 introduces a new sub-section under Section 43B of the Income Tax Act, 1961, effective from April 1, 2024, impacting payments made after April 1, 2023. This subsection addresses overdue payments to MSMEs as per the MSMED Act, 2006,…
