hard20 pts · first answer countsincome-taxbusiness-income

Late payments to MSE suppliers

A company buys from a supplier registered as a micro enterprise and pays it well after the time allowed under the MSMED Act. How does Section 43B(h) affect the company’s income tax?

A.No effect; the expense is allowed when bookedB.The expense is allowed only in the year it is actually paidC.The expense is permanently disallowedD.The supplier’s income becomes exempt

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Late payments to MSE suppliers

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