PAYMENT TO SUPPLIER / CREDITORS ON TIME TO CLAIM DEDUCTION Finance Act, 2023 incorporate a new clause (h) has been added to Section 43B to provide that any sum payable to a micro or small enterprise beyond the time limit specified in Section 15 of the MSMED Act 2006 shall be allowed as a deduction […]
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TDS ON PURCHASES OF GOODS
Finance Act 2021 has introduced a new section 194Q TDS on purchases of Goods which shall be effective from the 1st day of July, 2021 WHO WILL DEDUCT TDS Purchaser will be liable to deduct TDS if- His Turnover during last year exceeds Rs.10 crores. AND Purchaser purchases of goods of value exceeding Rs.50 Lakhs […]
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