Section 43B (h) mandates that payments for goods or services must be cleared within 45 days of acceptance, as per MSME payment regulations ... Within the pharmaceutical industry, MSMEs are ...
Section 43B(h) of the Income Tax Act reinforces the importance of timely payments by mandating that companies settle payments to MSME vendors within 45 days to qualify for deductions," SME Chamber ...
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Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEsA section of MSMEs and traders in India is expecting the revision or revocation of the new clause h brought under Section 43B of the Income ... plea against 45-day MSME payment rule The expenses ...
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a larger company does not pay an MSME on time -- within 45 days in case of written agreements -- it ...
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Budget 2024: No changes in RoDTEP, drawback schemes or 45-day payment rule a miss for MSME exporters, says industry“The 45-day payment rule and the non-repeal of Section 43B(h) may discourage corporates from having MSME vendors and flies ... considering the growing importance of efficient maritime traffic.
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