member fee paid to any club is allowable under income tax

This query is : Resolved 

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.

CA.ViVeK M ACA (Expert)
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.


The amount of tax shall be chargeable as perquisite.

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