Income Tax Rates for FY 2023-24 (AY 2024-25) - Tax Guru
Feb 7, 2023 · This article summarizes Income Tax Rates, Surcharge, Health & Education Cess, Special rates, and rebate/relief applicable to various categories of Persons viz. Individuals (Resident & Non Resident), HUF, Firms/LLP, Companies, Co-operative Society, Local Authority, AOP, BOI, artificial juridical persons for income liable to tax in the Financial Year 2023-24 (Assessment Year 2024-25) as proposed ...
Section 195 TDS on Non-Resident Payments - Tax Guru
Jul 9, 2021 · 1) Who is responsible to deduct tax under section 195 of Income Tax Act, 1961?. Any person responsible for paying to a non-resident, not being a company, or to a foreign company, shall deduct income-tax thereon at the rates in force.
Amendment In Schedule III under Companies Act 2013 - Tax Guru
Apr 1, 2021 · The Ministry of Corporate Affairs, Government of India, issued notifications dated 24 th March, 2021 to amend Schedule III to the Companies Act, 2013 to enhance the disclosures required to be made by the Company in its Financial Statement.. Purpose of Amendment: By these amendments MCA increasing stringency in compliances and adding numerous additional disclosures in Financial Statement.
Service Code (SAC Code) of Services under GST - Tax Guru
Apr 1, 2021 · private limited company is registered on 20th march 2021 current sales & purchase is nil till today it compulsory to take gst number to do business in online teaching of arts and cultural education services and selling and buying ready made musical instruments online if it is compulsory than tourn over limit and gst tax rate for online teaching art& music and sealing musical instruments on ...
Depreciation Rate Chart as per Companies Act 2013 with Related …
Apr 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).
Financial Statements-Schedule-III – Companies Act, 2013 - Tax Guru
Apr 23, 2015 · (ii) Once a unit of measurement is used, it shall be used uniformly in the Financial Statements.(5) Except in the case of the first Financial Statements laid before the Company (after its incorporation) the corresponding amounts (comparatives) for the immediately preceding reporting period for all items shown in the Financial Statements including notes …
All you need to know about Employees’ Provident Fund (EPF) - Tax …
Nov 12, 2021 · What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits. The current article covers the basics of EPF; eligibility criteria of EPF; EPF contribution and distribution thereof; EPF registration procedure for employer and relevant FAQs.
Schedule II of Companies Act, 2013 - Tax Guru
Aug 20, 2015 · CA Tapesh Kumar. Earlier, the depreciation on fixed assets of companies are regulated by Schedule XIV of Companies Act, 1956 along with Accounting Standard 6 and guidelines issued by ICAI.
Rates of depreciation as per Companies Act, 2013 - Tax Guru
Sep 5, 2024 · Notes.— 1.. “Factory buildings” does not include offices, godowns, staff quarters. 2. Where, during any financial year, any addition has been made to any asset, or where any asset has been sold, discarded, demolished or destroyed, the depreciation on such assets shall be calculated on a pro rata basis from the date of such addition or, as the case may be, up to the date on which such ...
Depreciation under the Income Tax Act, 1961 - Tax Guru
Aug 10, 2021 · Asset Type: Rate of Depreciation: PART A. TANGIBLE ASSETS. I. BUILDING (1) Buildings which are used mainly for residential purposes (except hotels and boarding houses)5% (2) Buildings other than those used mainly for residential purposes and not covered by sub-items (1) above and (3) below10% (3) Buildings acquired on or after the 1st day of September, 2002 for installing machinery and plant ...