member fee paid to any club is allowable under income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2010
Any membership fee paid to club on behalf of employee by the company is allowable under the incometax act 1961.
What are the consequences to the company for such payments under relevant Acts.
The company is a NBFC.
What are the consequences to the company for such payments under relevant Acts.
The company is a NBFC.
24 September 2010
Fact of the cases
Membership in a club
As per the provision
The amount of expenditure being membership fee and the annul fee incurred by the employee or any member of the house hold shall be the amount of benefit or amenity.
Conclusion
The amount of tax shall be chargeable as perquisite.
Membership in a club
As per the provision
The amount of expenditure being membership fee and the annul fee incurred by the employee or any member of the house hold shall be the amount of benefit or amenity.
Conclusion
The amount of tax shall be chargeable as perquisite.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
