Section 23: Interest not to be allowed as deduction from income.

Q: What does Section 23 of The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) deal with?

Section 23 MSME Act pertains to "Interest not to be allowed as deduction from income.". It is part of the The Micro, Small and Medium Enterprises Development Act, 2006, a legislation enacted by the Parliament of India. Section 23 of The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) governs interest not to be allowed as deduction from income. As verified on 19 May 2026.

Q: Is Section 23 MSME Act still in force?

Yes, Section 23 of the The Micro, Small and Medium Enterprises Development Act, 2006 is currently in force across the Republic of India.

Q: What is धारा 23 MSME Act?

धारा 23 MSME Act is the Devanagari Hindi reference for Section 23 of the The Micro, Small and Medium Enterprises Development Act, 2006. Section 23 of The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) governs interest not to be allowed as deduction from income. As verified on 19 May 2026.

Q: What is Dhara 23 MSME Act?

Dhara 23 MSME Act is the Roman Hindi reference for Section 23 of the The Micro, Small and Medium Enterprises Development Act, 2006. "Dhara" means "Section" in Hindi. Section 23 of The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act) governs interest not to be allowed as deduction from income. As verified on 19 May 2026.

Q: How to cite Section 23 of The Micro, Small and Medium Enterprises Development Act, 2006?

Cite as: "Section 23, The Micro, Small and Medium Enterprises Development Act, 2006 (MSME Act)" in legal briefs. For academic writing, use the BlueBook format: The Micro, Small and Medium Enterprises Development Act, 2006, 2006, § 23 (India).

Law on Tips Editorial Board

Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961), the amount of interest payable or paid by any buyer, under or in accordance with the provisions of this Act, shall not, for the purposes of computation of income under the Income-tax Act, 1961, be allowed as deduction.