Companies Act 1956

Depreciation as per Companies Act

Depreciation as per Companies Act

For the determination of Net Profits of a Company for a specified financial year, Sec. 349 of the Companies Act 1956, states that certain sums shall be credited and certain sums shall also be debited while arriving at the Net Profit earned by the Company during the year. While deducting the sums specified under Section 349, clause (k) of sub-section […]

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Rate of Depreciation

Rate of Depreciation

Depreciation as per Companies Act shall be charged on Assets as per the Rates specified in Schedule XIV, as mentioned below  

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Format of Schedule VI

Format of Schedule VI

MCA had released the Schedule VI on 1st March 2011 and this new Schedule VI is effective from 1st April 2011. The format of Revised Schedule VI is shared below for your Ready Reference Recommended Read: To view the major differences between the Old Schedule VI, refer our article – Changes in Schedule VI. Format of P&L Format of Balance […]

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