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MSME registered companies in subject to
new income tax Section43B(h)

Please note our company is MSME registered. And as per amendment in income tax act, msme is included in income tax under section 43B(h).

So if payment is due more than 45days than outstanding amount is added to your income of that AY.

In simple words, all buyers have to clear payment of purchase till 15th Feb 2024 till 31st March 2024.

for all Invoices made from 15feb till 31march, you have to clear in 45days also.

If not the said amount is added to income and have to pay income tax on it.