Tax Herald - Latest Tax and Corporate laws news and updates

Sample resolution format for appointment of Authorized Signatory to represent the Company in civil , criminal and legal proceedings

Posted by The Tax Herald | Jan 5, 2025 | Company Law, Posts |

Sample resolution format for appointment of Authorized Signatory to represent the Company in civil , criminal and legal proceedings

Depreciation as per Companies Act, 2013

Posted by The Tax Herald | Sep 2, 2024 | Uncategorized |

The Companies Act, 2013 provides the useful life of various assets under Schedule II. Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. Full text of Schedule II of Companies Act,2013.

Depreciation rates under Income Tax Act

Posted by The Tax Herald | Sep 1, 2024 | Posts |

Depreciation is a provision that allows businesses to claim a deduction for the decrease in value of tangible assets used in their business operations over time. The Income Tax Act provides for different rates of depreciation for different types of assets

Income Tax Rates for Individual Taxpayers for FY 2023-24

Posted by The Tax Herald | Jun 17, 2024 | Posts |

Income tax Rates for Financial year 2023-24 , Assessment Year 2024-25. New Tax regime regime rates versus Old Tax regime rates. Exemptions and deductions available under new Tax regime and old Tax regime.