The CBDT issued a Corrigendum to Notification No. 27/2024 dated March 05, 2024 vide Notification No. 34/2024 dated March 19, 2024, regarding the changes duly include disclosure of section 43B(h) disallowance under clause 26. However, Clause 22, pertaining to interest restrictions under the MSME Development Act, was not amended. Now, the said clause is amended to include disclosure of the amount disallowed under section 43B(h).
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Earlier |
Now |
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E. in clause 26, for the brackets, letters and word “(f) or (g)”, the brackets, letters and word “(f), (g) or (h)” shall be substituted; |
‘E. in clause 22, after the figures “2006”, the words and figures “or any other amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961” shall be inserted;’. |
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/CBDT_-_Notification_No._34-2024.pdf