NOT financial advice - seek advice from a professional for your specific situation

    TaxKiln

    MSME Samadhaan — delayed-payment interest

    Buyers must pay micro/small enterprises within the MSMED Act window. After that the buyer owes compound interest at 3× the RBI bank rate, and cannot deduct the expense until paid (s.43B(h)).

    Verify the current RBI bank rate before relying on the output — the rate is not in the tax config.

    NOT financial advice - seek advice from a professional for your specific situation

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