Depreciation is a crucial accounting concept that reflects the reduction in value of a fixed asset over time due to usage, wear and tear, or obsolescence. Both the Companies Act, 2013 and the Income Tax Act, 1961 address depreciation, but they d ...
The Companies Act, 2013, provides several exemptions and benefits to small companies in India, recognizing their unique needs and limited resources. Below is a detailed analysis: 1. Definition of a Small Company : As per Section 2(85) of t ...
On a yearly basis, more than 120,000 firms are registered. The private limited company is a preferred corporate form in India because of features like limited liability, perpetual succession, staff attraction, and dual director responsibilities. ...
