Depreciation Rate Chart as per Companies Act 2013 with Related …
WEBApr 11, 2015 · CA Sandeep Kanoi. In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per Straight Lime method (SLM). We have also compiled Changes to Schedule II- Useful Lives to Compute Depreciation read with section 123 of Companies Act,2013 made vide Notification No.G.S.R. 237(E) Dated 31.03.2014 and Notification No.G.S.R. 237 (E).
Interest Payable U/s. 234A, 234B & 234C - Tax Guru
WEBJun 3, 2022 · Introduction. Under the Income-tax Act, different types of interests are levied for various kinds of delays/defaults. In this part, you can gain knowledge about the provisions of section 234A, 234B and 234C dealing with interest levied for (i) delay in filing the return of income; (ii) non-payment or short payment of advance tax; and (iii) non-payment or short payment of individual instalment ...
Section 80CCD Deduction in current and New Tax Regime - Tax Guru
WEBApr 16, 2020 · 1. Deduction for employee’s own contribution to NPS is allowed as deduction u/s 80CCD (1) to the maximum of 10% of salary. Further a deduction u/s 80CCD (1B) is allowed to the maximum of Rs. 50,000. 2. As per Sec 80CCE, aggregate deduction u/s 80C, 80CCC and 80CCD (1) is restricted to maximum of Rs. 1,50,000.
Partner’s Remuneration & Interest under Income Tax Act, 1961
WEBDec 16, 2020 · Conditions for claiming deduction of Interest paid to Partners: It should be authorized by Partnership Deed. It should not exceed 12% p.a. simple Interest. Lets take an simple Example. Income from PGBP. 8,00,000. Remuneration to Partners. 4,00,000. Interest Paid@ 15%.
All about Tax Deducted at Source (TDS) - Tax Guru
WEBAug 6, 2018 · The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax …
Schedule II of Companies Act, 2013 - Tax Guru
WEBAug 20, 2015 · RESIDUAL VALUE. Expected residual value means the sale price of scrap value of asset after the completion of useful life of assets. The Schedule II provides the residual value should not be more than 5% of the original cost of the asset. However it can be less than 5% of the original cost, then it should be taken as …
Due-dates for ITR Filing Online for FY 2022-23 - Tax Guru
WEBApr 15, 2023 · For Companies that do not require Audit, the due date for ITR Filing for FY 2022-23 is 31st October 2023. For Companies that require audit, also the due date for ITR filing for FY 2022-23 (AY 2023-24) is 31st October 2023. The due date for Tax Audit Report filing is 30th September 2023.
Financial Statements-Schedule-III – Companies Act, 2013 - Tax Guru
WEBApr 23, 2015 · 4. It is also provided that the financial statements shall be prepared in the form provided in new schedule III of Companies Act, 2013. 5. It may be noted that in the new schedule III the provisions for preparation of balance sheet and statement of profit and loss have been given which are on the same lines as in the existing schedule VI. 6.
Best Taxation Courses, Books and e-Books - TaxGuru
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Income Tax Rates for FY 2021-22 (AY 2022-23) & FY 2022-23
WEBFeb 4, 2022 · Income Tax Rates of Partnership Firm & LLP for FY 2021-22 & FY 2022-23. Partnership firm (including LLP) is taxable at 30%. Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income ...
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