MSMEs are expecting revision or revocation of clause h brought under Section 43B of the Income Tax Act, 1961 to address delayed payment issue

MSMEs are expecting revision or revocation of clause h brought under Section 43B of the Income Tax Act, 1961 to address delayed payment issue

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Other than clause h, there are seven other clauses — a list of expenses allowed as deductions under Section 43B for businesses and professionals

Other than clause h, there are seven other clauses — a list of expenses allowed as deductions under Section 43B for businesses and professionals

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Amount paid by way of tax, duty, cess or fee under any law for the time being in force

Amount paid by way of tax, duty, cess or fee under any law for the time being in force

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Amount paid by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees

Amount paid by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees

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Amount paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission

Amount paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission

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Amount paid as interest on any loan or borrowing from any public financial institution or a state financial corporation or a state industrial investment corporation as per the agreement governing such loan or borrowing

Amount paid as interest on any loan or borrowing from any public financial institution or a state financial corporation or a state industrial investment corporation as per the agreement governing such loan or borrowing

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Amount paid as interest on any loan or advances from a scheduled bank or a co-operative bank other than a primary agricultural credit society or a primary cooperative agricultural and rural development bank as per the agreement governing such loan or advances

Amount paid as interest on any loan or advances from a scheduled bank or a co-operative bank other than a primary agricultural credit society or a primary cooperative agricultural and rural development bank as per the agreement governing such loan or advances

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Amount paid as an employer in lieu of any leave at the credit of his employee

Amount paid as an employer in lieu of any leave at the credit of his employee

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Amount paid to the Indian Railways for the use of railway assets

Amount paid to the Indian Railways for the use of railway assets

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