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The Income Tax Department has introduced new forms and pre-filled data capabilities to simplify the filing process, but complexity remains for corporate entities. This year, special attention should be paid to Section 43B(h) regarding payments to MSMEs. Disallowance of expenses due to delayed payments to MSMEs can lead to a higher tax liability. Furthermore, transfer pricing documentation needs to be robust to withstand scrutiny. We recommend a proactive approach: reconciling AIS/TIS data with books of accounts well in advance of the deadline to avoid last-minute rushes and errors.