In order to encourage prompt payments by business enterprises to micro and small enterprises ("MSEs"), clause (h) was inserted in Section 43B of Income Tax Act, 1961 ("the IT Act") by the Finance Act 2023 with effect from financial year ("FY") 2023-24.
God may hear you or not, but your smart phone hears you loud and clear. Have you ever noticed that you speak of buying a wooden chair and your Browser...
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