India’s Micro, Small and Medium Enterprises (MSMEs) form the backbone of the economy, providing millions of jobs and contributing significantly to the GDP. In recognition of their importance, the government has implemented various policies and incentives, including a unique provision in the Income Tax Act – Section 43B(h). Today, we’ll delve into this section and … Continue reading Supporting Small Businesses Through Taxes: Exploring the Benefits of Section 43B(h) of the Income Tax Act