Complete guide with practical example on proposed amendment in Budget 2023 in sec 43B for promoting timely payment to Micro and Small enterprises ⭐
Paradigm Shift for Promoting timely payments to Micro and Small Enterprises
The Finance Bill 2023 as proposedamendment in section 43B to promote timely payments to Micro andSmall Enterprises. Section 43B of the Act provides for certain deductions to be allowed only on actual payment.This amendment will be applicable for FY 2023-24.
