Ministry of Commerce and Industry considers 5-Year Extension of Interest Equalisation for Exporters
The Commerce Ministry is considering a 5-year extension to the interest equalization scheme, buoyed by the positive response from exporters. ...
MSME Payment Rule: Finance Ministry likely to Push Back Implementation of 45-Day Payment Rule to April 2025
Amidst mounting concerns and industry pushback, the Finance Ministry is considering pushing back the implementation of the 45-Day Micro, Small, and Medium enterprises (MSMEs) Payment Rule from April...
45 Day MSME Payment Mandate u/s Section 43B(h) may be relaxed, Proposal Underway, hints Finance Ministry Official
The finance ministry is currently examining a proposal to modify the upcoming income tax regulation, which mandates business entities to settle payments to micro, small, and medium enterprises (...
Fake Alert! Fake Income Tax Notice Claiming Payment Requirement for Audited Balance Sheets makes Rounds, warns Govt
The Indian government has issued a warning about a fake income tax notice circulating online. The notice, which claims to be from the Income Tax Department, demands payment for audited balance sheets...
Section 43B(h) Income Tax Act Repercussions: Kerala Textile and Garments Dealers Welfare Association asks MSEs to change Category
The Kerala Textile and Garments Dealers Welfare Association ( KTGDA ) has requested micro and small enterprises ( MSEs ) in the textile industry to change their MSME category from "manufacturing" to...
