Companies Act 2013 Guidelines for Depreciation Rates and Provisions
Depreciation under the Companies Act 2013, which is applicable from the financial year 2014-15 and thereafter, is calculated based on the useful life of assets, their cost, and residual value. The Act provides flexibility in choosing between the Written Down Value (WDV) or Straight Line Method (SLM) for depreciation calculation. Here are the key provisions […]
Difference between LLP agreement and Partnership deed
Introduction A limited liability partnership (LLP) and a general partnership are two types of business structures governed by different legal agreements. While both an LLP agreement and a partnership deed control the operations and management of the respective partnerships, they differ in terms of liability protection, legal requirements, control and ownership, termination and dissolution, and […]
