Form 3CD Clause 22 Tax Audit Scrutiny Portal
Statutory disclosure computation under Section 22 of MSMED Act, 2006 & Section 43B(h) of Income-tax Act, 1961
Statutory Particulars (Form 3CD Clause 22 Annexure)
Verified against Tally Vouchers| (i) Principal amount remaining unpaid to any supplier as at the end of the accounting year | ₹34,20,000 |
| (ii) Interest due thereon remaining unpaid to suppliers as at the end of the accounting year | ₹4,85,210 |
| (iii) Amount of interest paid by the buyer in terms of Section 16 of MSMED Act beyond the appointed day during the year | ₹0 |
| (iv) Amount of interest accrued and remaining unpaid at the end of the year | ₹4,85,210 |
| (v) Total Disallowance to be added back to Taxable Income under Section 43B(h) of the Income-tax Act, 1961 | ₹34,20,000 |
Statutory Compliance Note: As per Section 23 of the MSMED Act, 2006, the interest amount of ₹4,85,210 is strictly non-deductible while computing the taxable income of the assessee (0% Tax Shield).