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. Â
The most common method of propagation in Banana?
Which of the following is not a stem modification?
What are tyloses, and what is their role in plant defense against pathogens?
Which statement is not true about balanced ration for livestock?
_____________is an indication which identify a good as originating from a particular region
Crops cultivated to catch the forthcoming season when main crop has failed are called ___
Which nematode is known as cyst nematode?
Which among the following phenomenon directly affects crop growth and yield?
Agriculture in India dates back to:
Two of the more important diseases of potato whose spread in India has been successfully restricted through plant quarantine measures include