Daily Archives: June 14, 2016

Stipend to MDS students for 3 years

By | June 14, 2016

Stipend to MDS students Norms for giving Stipend to MDS students has been notified by following notification by Govt of India :- THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] DETNAL COUNCIL OF INDIA NOTIFICATION New Delhi, the 13th May, 2016 No. DE-87(4)-2016.—In exercise of the powers conferred upon the DCI by Section 20 of… Read More »

Rates of Income Tax / Income Tax slab rates /Chart AY 2016-17 & 2017-18

By | June 14, 2016

Rates of Income Tax / Income Tax slab rates  AY 2016-17 & AY 2017-18 This  article highlights Rates of income-tax / Income tax slab rates for AY 2016-17 and AY 2017-18 payable by Individual (Resident or Non Resident ) HUF (Hindu Undivided Family) Association of Person Body of Individual Any other Artificial Judicial Persons Local Authority… Read More »

Useful Lives to Compute Depreciation under Companies Act 2013

By | June 14, 2016

Companies Act, 2013 SCHEDULE II [ Enforced with effect from 1-4-2014.] (See section 123 ) USEFUL LIVES TO COMPUTE DEPRECIATION PART ‘A’ 1. Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted… Read More »