As discussed in the earlier article depreciation as per Companies Act 2013 can be calculated either by WDV method or SLM Method. Both the methods are old methods as provided by the companies Act 1956. A company can choose one of them. In the earlier … [Read more...]
DIFFERENT TYPES OF CROSSING OF CHEQUE
As a common man, we often prepare cheque and mark it as account payee. Sometime we just cross it with parallel lines. Many of us don’t know the about the various types of crossing of cheque as per negotiable instrument Act, 1881. They are General … [Read more...]
Depreciation Calculation as per Companies Act 2013
As per companies act 2013, the depreciation is calculated on the basis of useful life of asset. Schedule II of companies act 2013, provides for useful life of depreciable assets which can be used to calculate depreciation based on WDV and SLM method. … [Read more...]
Depreciation Rate Chart Companies Act 2013
With the applicability of Companies Act, 2013, from Financial year 2014-15, the new Depreciation rates are applicable for all companies covered under companies Act, 2013. Now the depreciation is calculated on the basis of useful lives of the assets. … [Read more...]
USEFUL LIVES OF DEPRECIATION UNDER COMPANIES ACT 2013
SCHEDULE II (See section 123) USEFUL LIVES TO COMPUTE DEPRECIATION PART ‘A’ Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or … [Read more...]
loan to directors section 185
Are you planning to give loan to your directors, if so then please go through the provision of "Loan to the directors section 185". I have presented it here in detailed manner. According to this section, no company shall give any loan, including any … [Read more...]