WebApr 3, 2024 · the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to … WebFeb 11, 2024 · Deduction towards interest to MSME : Caution by the Tax Auditor It may be noted that interest paid or payable to MSME units will have to be disallowed in view of …
DELAYED PAYMENT TO MICRO OR SMALL ENTERPRISES AND IT’S CON…
Webthe amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of this Act. Interest not to be allowed as deduction from Income as per Income-tax Act, 1961 WebDISALLOWANCE OF INTEREST The amount of interest payable or paid by the buyer under or in accordance with the provisions of this Act, shall not be allowed as deduction for the purpose of computation of his taxable income as … straight talk coverage map
Deduction towards interest to MSME : Caution by the Tax Auditor
WebMay 4, 2015 · With the enactment of the Micro, Small and Medium Enterprises Development (MSMED), Act 2006, for the goods and services supplied by the MSEME … WebMar 10, 2024 · Brief Facts of the Case: The Assessing Officer (‘AO’) had disallowed part expenditure claimed by the assessee, towards interest on fund borrowed by it for business purpose by making an ad-hoc disallowance under Section 36 (1) (iii) of the Act. WebDec 28, 2024 · The amount of interest accrued and remaining unpaid at the end of each accounting year The amount of further interest remaining due and payable even in the … straight talk coverage map by zip code