Section 43B(h)-Beneficial or Harmful
Introduction [Section 43B(h)] Section 43B(h) of Income Tax Act, 1961 states that if the buyer(assessee) purchases any goods/ services from a supplier who is registered as a Micro and Small Enterprises under the MSMED Act, 2006 (MEDIUM ENTERPRISES NOT COVERED) AND who is manufacturer/ service providers (TRADERS NOT COVERED), the buyer shall make the payment … Read more