FAQs on Section 43B: Disallowance of the Amount Payable to MSEs Introduction The Income Tax Act allows the deduction of expenses depending on the accounting system followed by the taxpayer. If the taxpayer follows the cash system of accounting, deductions […]

All about the Income Tax Act Section 43B: Dis-allowance for delayed Payment to MSMEs Introduction The Income Tax Act of a country plays a crucial role in governing the taxation system and ensuring fair practices. One such important provision within […]