https://www.taxtmi.com/acts?id=41384 The amendment modifies timing-based deductibility by permitting the Government to notify classes of non-banking financial companies, inserts a clarifying connective in an existing clause, adds a provision subjecting late payments to micro or small enterprises (as defined in the MSME statute) to the timing rule, and adjusts the proviso to exclude that new clause from the proviso's exceptions while updating the enterprise definitions to mirror the MSME Act. en-us Thu, 30 Mar 2023 14:53:29 +0530 Sat, 01 Apr 2023 16:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41384 The amendment modifies timing-based deductibility by permitting the Government to notify classes of non-banking financial companies, inserts a clarifying connective in an existing clause, adds a provision subjecting late payments to micro or small enterprises (as defined in the MSME statute) to the timing rule, and adjusts the proviso to exclude that new clause from the proviso's exceptions while updating the enterprise definitions to mirror the MSME Act. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 14:53:29 +0530 https://www.taxtmi.com/acts?id=41384