CBDT2024Notification No. 34/2024, F. No. 370142/3/2024-TPL§43B(h)
CBDT corrigenda: §43B(h) MSME disallowance enters Form 3CD Clause 22
Where does the §43B(h) MSME payment disallowance appear in the tax audit report?
Notification 34/2024 (19-03-2024) adds §43B(h) disallowance to Clause 22 of Form 3CD; businesses paying micro and small enterprises must reflect it in Clauses 22 and 26.
Reviewed by Sri O. P. Yadav, IRS (R), Principal Commissioner of Income Tax (Retd.) · Published 2026-07-07
Held
Form 3CD now captures potential §43B(h) disallowances for delayed payments to micro and small enterprises in Clause 22 read with Clause 26.
Practitioner takeaway
Reconcile creditor ageing against Udyam registrations before the audit sign-off: the 3CD now exposes §43B(h) lapses on its face.
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