Section 43B(h) Explained | MSME Payment Rule Every Business Must Know (2026)

Описание: Are you making payments to MSME vendors? Then Section 43B(h) is something you cannot afford to ignore.

In this video, we explain how delayed payments to Micro & Small Enterprises can lead to disallowance of expenses and increased tax liability.

As per the MSME Development Act, 2006, businesses must make payments to MSMEs within specified timelines — failing which deduction under Income Tax is denied under Section 43B(h).

📌 What You’ll Learn in This Video:

✔ What is Section 43B(h)
✔ Time limits (15 days / 45 days rule)
✔ Tax impact of delayed payments
✔ Applicability (who it covers & who it doesn’t)
✔ Practical compliance tips for businesses

⏱️ Key Highlight:

If you don’t pay MSME vendors on time, your expense will be allowed only on actual payment basis — not when booked.

📊 Who Should Watch:

Business Owners
Accountants & Tax Professionals
Finance Teams
Startups & MSME Dealings

📣 Need Help with Compliance?

Connect with Corporate Genie for:
✔ MSME Compliance
✔ Income Tax & GST Advisory
✔ Tax Audit Support

🔔 Stay Updated

Don’t forget to Like 👍, Share 📤 & Subscribe 🔔 for more practical tax updates.

#Section43Bh #MSME #IncomeTax #TaxCompliance #CorporateGenie #BusinessTips #TaxUpdates #IndiaTax