Amendment of section 43B.

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....of non-banking financial companies as may be notified by the Central Government in the Official Gazette in this behalf" shall be substituted; (ii) in clause (g), after the word "assets,", the word "or" shall be inserted; (iii) after clause (g), the following clause shall be inserted, namely:-- "(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified....

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.... the Bill seeks to amend section 43B of the Income-tax Act relating to certain deductions to be only on actual payment. It is proposed to amend clause (da) of the said section, to substitute the expression "a deposit taking non-banking financial company or systemically important non-deposit taking non-banking financial company" with "such class of non-banking financial companies as may be notifie....