SME Chamber of India Urges Continuation of 45-Day MSME Payment Rule ...Middle East

The SME Chamber of India has called on Finance Minister Nirmala Sitharaman to maintain the 45-day MSME payment rule as stated in Section 43B(h) of the Income Tax Act. This regulation, introduced in the Finance Act 2023, requires companies to settle payments to MSMEs within 45 days to be eligible for tax deductions, thereby encouraging timely payments.

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