List of Allowances when exemption does not depend on expenditure

by Team MMR | 21 October 2012
Certain allowances are exempt from tax irrespective of the actual expenditure incurred by the employee. To learn more about these allowances and other tax saving measures available under the Income Tax Act click here. [More]

Tax Saving Tips

Valuation of perquisite in respect of club expenditure

by Varun Advani | 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. [More]

Everything Income Tax

Capital Gains – when and to what extent are they exempt from tax

by Aashish Ramchand | 20 October 2012
Multiple exemptions on capital gains are available under the Indian Income Tax Act. Learn from our tax experts how to avail total/ partial exemption on your capital gains under section 54, 54EC and 54F. [More]

Tax Saving Tips

Making Money Online? Learn about the taxability issues..

by Varun Advani | 16 October 2012
Making money online is fast becoming a primary source of income for several people in India. In this article, our tax experts explain the associated taxability issues when making money online. [More]

Just Blogging

How to Calculate Depreciation as per Income Tax (Act, 1961)

by Team MMR | 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. [More]

Everything Income Tax