The Finance Act 2023 introduced an amendment to the Income Tax Act by adding clause (h) to Section 43B. This clause stipulates that any payments owed to MSMEs, not resolved within 45 days , will not qualify for tax deductions until the payment is made. The aim is to motivate larger entities to prioritise their settlements with MSME counterparts, thereby promoting a more robust economic environment for these smaller businesses.
Statements:
Z > N ≥ B = J ≤ M; Y ≥ U > N ≥ P
Conclusions:
I). P ≤ Z
II). M > Y
...Statements: P ≤ Q > R > T > U, Q ≤ O < S, T < V
Conclusions:
I. R < S
II. P > U
Statement:
O ≤ P > K ≤ L; W ≤ X = K > R; Q > L
Conclusion:
I. O > K
II. L < P
Statements: W ≤ B = F; H > T; H < U < F; W ≤ X < S
Conclusions:
I. W < U
II. T < B
III. X > H
If '>' denotes '+', '<' denotes '-', '-' denotes '×', '×' denotes '÷', '÷' denotes '=', then choose the correct statement of the following.
...Statements:
A ≤ B > E ≥ F; M > E < N
Conclusions:
I. N > F
II. B > F
Statements:
J < O < K ≥ R > W; Y < B < P ≤ O
Conclusions:
I). W > B
II). Y < K
...16. Statements:
J ≥ F = P; F > S ≥ A; S ≥ B < C
Conclusions:
I. C > A
II. B < J
In which of the following expressions does the expression ‘L > B’ and ‘R < N’ is true?
Statement: M < N; L ≥ U; L ≥ Q; U > N ≥ T
Conclusion:
I. N > Q
II. Q > T
