is annual membership fees paid by CA in practice allowable as expense while calculating PGBP?
2 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 03 June 2008
It is an allowable expenditure for calculation of profits and gains under profession of Chartered accountancy.
Nilesh
(Service)
(38 Points)
Replied 03 June 2008
This is also tax free in the hands of employees if re-imbursed by the employer.
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