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Highlights of the events:

A Deep Analysis of Section 43B(h) of Income Tax Act, 1961 becoming Applicable from Financial Year 2023-24 in Respect of AY 2024-25 Seminar on Applicability of Section 43B(h) Deductibility of payment made to the Micro, Small and Medium Enterprises Day & Date: Monday the 12th February 2024 Time: 10.30 am to 2. 00 p.m. (including lunch) Venue: TSSIA House, Plot No P-26, Road No 16/T, Wagle Estate, Thane (W)- 400604 Section 43B(h) inserted in the Income Tax Act, 1961 (‘IT Act’) vide Finance Act, 2023, provides that any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 of the Micro, Small and Medium Enterprises Development Act, 2006, shall be allowed only in the previous year in which such sum is actually paid. This is irrespective of the previous year in which the liability to pay such sum is incurred by the assessee according to the method of accounting regularly employed by him. Thane Small Scale Industries Association (TSSIA) & COSIA along with Knowledge Partner Lakshmikumaran & Sridharan (LKS), is pleased to organize this session wherein a panel of experts led by Mr. S. Sriram, Partner - LKS will discuss, analyse and guide on practical implementation of clause (h) of Section 43B of the Act. The discussion will inter alia cover the following aspects: The training program would cover the following topics: