Taxmann’s Analysis | 35 FAQs on Section 43B Disallowance of the Sum Payable to Micro or Small Enterprises

Taxmann’s Analysis | 35 FAQs on Section 43B Disallowance of the Sum Payable to Micro or Small Enterprises
Author: Taxmann
Publisher: Taxmann Publications Private Limited
Total Pages: 26
Release: 2024-02-15
Genre: Law
ISBN:

Section 43B of the Income-tax Act, 1961 provides a list of several expenses allowed as a deduction on a payment basis. Introduced by the Finance Act 2023, Section 43B(h) adds a new twist for businesses dealing with Micro and Small Enterprises (MSEs). Any sum payable to them beyond the time limit specified in the MSMED Act shall be allowed as a deduction in the previous year in which such sum is actually paid. This article provides frequently asked questions on Section 43B(h) and discusses the challenges it presents for businesses seeking to maintain smooth and compliant payment practices with MSEs.

GST Guide for Students

GST Guide for Students
Author: Ca Vivek Kr Agrawal
Publisher:
Total Pages: 126
Release: 2020-06-14
Genre:
ISBN:

This book is specially for Beginners and Students who wants to have comprehensive knowledge about GST.Book contains more than 100 examples to make the reader understand about the new tax law in a very easy and clear manner.Book is not overloaded with too many stuff but has been kept simple with diagram and question answer patter. Language is too easy and topics are kept simple for the learner to have easy understanding.Broadly all the topic has been covered namely - Basic, CGST, SGST, IGST, Registrations, Time Value & Place of Supply, Input Tax Credit, Payments, Invoicing, Accounts & Records, Reverse Charge, TDS TCS, Composition Scheme, Return filing, Job Work, Refunds, Penalty, Assessments, Appeal and related provisions.Book is written by Vivek Kr Agrawal, who is a practicing CA and qualified Lawyer. He is having more than 10 years of knowledge in the taxation field. He is associated with various Management Institutes and delivers lectures on Taxation.

We, the Nation

We, the Nation
Author: Nani Ardeshir Palkhivala
Publisher:
Total Pages: 362
Release: 1994
Genre: History
ISBN: