The Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which mandates payments to micro, small, and medium enterprises (MSMEs) within 45 days, sources informed CNBCTV18.

The proposed postponement is expected to span a full financial year, with the rule anticipated to take effect from April 1, 2025, sources said.
The Finance Act of 2023, which amended the Income Tax Act, introduced clause (h) in Section 43B to ensure timely payments to MSMEs.

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