Overview on Disallowance of Expenditure u/s 43B(h)
Overview on Disallowance of Expenditure u/s 43B(h) The Union Budget 2023 introduced measures to encourage timely payments to micro or small enterprises by including them in Section 43B of the Income Tax Act, 1961. The Finance Act, 2023, with effect from 1st April 2024, added new clause (h) to section 43B of the Income Tax …