Section 43B(h) Compliance – MSME Payments & Tax Deductions

The Income Tax Act Section 43B(h) mandates that businesses must settle payments to MSME (Micro, Small, and Medium Enterprises) suppliers within 45 days from the invoice receipt to avail of tax benefits.

What Does This Mean for Businesses?

🚀 Payments beyond 45 days will be disallowed as an expense under the Income Tax Act, increasing taxable income.
🚀 Ensuring timely MSME payments helps in tax deduction claims and better financial discipline.

Important Deadline – FY 2024-25

📌 For goods/services received until 14th February 2025, payments must be made before 31st March 2025 to remain eligible for tax deductions.

Why This Compliance is Crucial?

✅ Avoids tax disallowance, reducing financial burden
✅ Strengthens MSME business relations
✅ Ensures smooth tax compliance

💡 Stay compliant & avoid tax liabilities! Seek expert tax consultation today.

📞 For Assistance, Contact Us:
📱 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

📍 Visit us at:
19, SBI Colony 3rd Street, Saligramam, Chennai - 600093

#MSMEAct #Section43B #TaxDeduction #TaxCompliance #BusinessFinance #TaxlaServices



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