First up, how does Clause (h) affect Micro and Small Enterprises under the MSMED Act, 2006? You’ll find details on what happens if payments are late and which companies need to send in Form MSME

We’ll break down what deductions are allowed and who can use Clause (h). It also covers how to handle opening balances. There’s information on TDS deductions and what to know for audits and non-audits. Plus, we’ve got the exceptions for Section 44AD and 44ADA returns. This guide will help you understand what you need to do for compliance and how it impacts your business.