20 October 2012
The perquisite in respect of club facility is taxable under the Indian Income Tax Act, 1961. Read more to understand valuation of perquisite in respect of club expenditure and the deductions available.
15 October 2012
Understand depreciation and how it is calculated as per the Income Tax Act, 1961 with this detailed article from our tax experts. You can claim depreciation on your fixed assets and reduce your tax liability.