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Initial Club Membership Fees

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2011 Whether Initial Club Membership Fees are charged to revenue expenditure u/s. 37 or are charged to capital expenditure of Rs. 1,50,000/-?

We are also paying annual fees as membership fees.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 February 2011 It will be capital expenses as per details available above as it is one time expenses and has benefit over a number of years.

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