Life membership fees of club is an expenditure of capital nature & not eligible for deduction .
Life membership fees of club is an expenditure of capital nature & not eligible for deduction. Short Overview…
deduction for life membership fees
Recent Posts
- Gujarat High Court Clarifies the Law on Reassessment vs Search Assessments: Section 147 Cannot Bypass Section 153C
- Limited Scrutiny Means Limited Powers: ITAT Delhi Quashes Section 263 Revision in Harun Ali vs Pr. CIT
- No Addition under Section 69A on Repayment of Loan Already Accepted as Genuine: Key Ruling of ITAT Delhi
- Income-tax Act, 2025: Why the Change May Be More in Perception Than in Policy
- Income-tax Act, 2025 and Unexplained Income: Old Sections 68 to 69D vs New Law – Change in Substance or Just Structure?
- AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals
- The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires
- Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in Amit Parekh Case
- When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts
- Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds
