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Theme: Corporate Tax 1. Study the Profit and Loss statement, Schedules and notes to the Accounts of Larsen & Toubro Limited and state and analyze
Theme: Corporate Tax
1. Study the Profit and Loss statement, Schedules and notes to the Accounts of Larsen & Toubro Limited and state and analyze the Depreciation Policy followed by the company.
2. Further to this, give the relevant provisions of the Companies Act, 2013 in relation to the depreciation policy for any three tangible assets of Larsen & Toubro Limited. Compare the rate of depreciation / life of asset on your companys balance sheet to see if there is any difference with the Companies Act 2013 rate. If so then state the reasons.
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