income tax

The CBDT allows trusts, institutions, or funds denied re-registration applications due to late filing or incorrect section code to file a new application in Form 10AB, pertaining to the extended deadline of June 30, 2024.

As per the Finance Act 2023's Section 43B(h) of the Income Tax Act, a larger firm may face greater taxes if it fails to pay an MSME within the stipulated timeframe of 45 days for written agreements.