Section 23 of MSMED : Section 23: Interest Not To Be Allowed As Deduction From Income
MSMED
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Explanation using Example
Suppose a company, ABC Pvt. Ltd., buys goods from a small enterprise and delays the payment beyond the agreed credit period. According to the provisions of The Micro, Small and Medium Enterprises Development Act, 2006, the small enterprise charges interest on the delayed payment. When ABC Pvt. Ltd. fi...
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