Category: Direct Taxes

Depreciation on iPad / tablets under Income Tax Act 1962?

Depreciation on iPad / tablets under Income Tax Act 1962 iPad is a communication device or a computer? Under the income tax act, a computer carries a higher rate of depreciation than a communication device. So, it is pertinent to know whether depreciation an iPad will be applicable of a communication device or of a… Continue reading Depreciation on iPad / tablets under Income Tax Act 1962?

Income Tax Deductions for Donations

Income Tax Deductions for Donations Most of us have been regularly doing something for needy people like donating and doing charity to Orphanages, NGOs, and Schools etc. It is indeed commendable to donate for the society and people around us. In order to promote and encourage people to donate more, the Government of India has… Continue reading Income Tax Deductions for Donations