Office of the Development Commissioner
Ministry of Micro, Small and Medium Enterprises (MSME)
New Delhi.
Has informed regarding: Implementation of provisions of Micro, Small and Medium Enterprises Development Act, 2006 (ChapterV- Deyaled Payment to Micro, and Small Enterprises) Section 22 relating to “Requirement to specify unpaid amount with interest in the annual statement of accounts” and section 23 relating to “Interest not to be allowed as deduction from income”under Income Tax Act, 1961 – Instruction No.12/2006 dated 14 December 2006, as notified by the Central Board of Direct Taxes (CBDT) (Department of Revenue-Ministry of Fiannce)- information regarding.
for detailed information or contact GSIA office.