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.
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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
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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.
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Due date for filing appeal under Goods and Service Tax (GST) Relevant Sections: 107 of the CGST...
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Income Tax Slab Rates for financial year 2022-23; AY 2023-24 Income tax Slab rates For:...
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Registration under Goods and Services Tax (GST) Relevant sections – Section 22, 24 and Section 23...
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Small company As per Section 2(85) of the Companies Act,2013, Small company means a company, other...
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