Comparison of Depreciation as per Companies Act 1956 and Companies Act 2013
Depreciation in general is reduction in the value of asset because of wear and tear over the time. This reduction may…
Depreciation in general is reduction in the value of asset because of wear and tear over the time. This reduction may…
Additional Depreciation u/s 32(1)(iia) of the Income Tax Act, 1961 -reg. An assessee, engaged in the business of…
In terms of section 32(1)(iia), there is no restriction on assessee to carry forward additional depreciation and, thu…
Where assessee-company had acquired entire business of an another company, which included acquisition of its existing…
Depreciation is a non-cash expense. It reduces the market value of different types of assets. Some assets like building…
Basis of depreciation: - There are some conditions fulfilling only when depreciation is allowed. These conditions are a…
In a partnership firm, there are two sources of income for the partners remuneration and share of profits. While the…
Income tax department has amended the rules about depreciation. The amend rule is that depreciation is restricted to 1…