Question

Ramesh withdraws rs.2000 cash from his SBT Bank Account.in the books of Ramesh, it is a case of______?

Answer 1

Explanation:

Schedule II of the Companies Act, 2013 provides Useful Lives to Compute Depreciation as against Rates of Depreciation provided hitherto in the Schedule XIV of the Companies Act, 2013.If the Unfurnished Accommodation given to the employee is leased out or rented by the employer then the income tax chargeable on the perquisite will be the amount that the employer pays as part of the lease or 15% of the employee's income or salary, depending on which amount is lower, minus the rent that the employee ...