Question
Within how many days should payment to an MSME supplier
be made to allow it as an expense, for the computation of income under Income Tax Act?Solution
The Finance Act 2023 introduced an amendment to the Income Tax Act by adding clause (h) to Section 43B. This clause stipulates that any payments owed to MSMEs, not resolved within 45 days, will not qualify for tax deductions until the payment is made. The aim is to motivate larger entities to prioritise their settlements with MSME counterparts, thereby promoting a more robust economic environment for these smaller businesses.
Flushing of gas inside the packages is done with which of the following gases?
FSSAI's head office is located in:
A dilute solution of sodium hydroxide is used in…….peeling
Which of the following statement is not true with regard to tetra pack carton packages.
Flame peeling is generally used for
The process of formation of equal amounts of glucose and fructose from sucrose by acid and heat, or enzyme is termed as
a. Inversion of ...
The "danger zone" in food preparation refers to temperatures between:
following are some statements related to mixed culture
a. The same as a contained culture
b. One that contains 5 spe...
The water activity is measured on a scale of range
The elements present in the carbohydrates are