Dear Friends,
Is there any Income Tax exemption on Membership fee paid by a Chartered Accountant who is under employment and not in practice?
CA B Anand (CHARTERED ACCOUNTANT) (198 Points)
16 August 2013Dear Friends,
Is there any Income Tax exemption on Membership fee paid by a Chartered Accountant who is under employment and not in practice?
Arvind Sharma
(ACA)
(1432 Points)
Replied 16 August 2013
No, there is no such deduction in Income Tax for salaries CAs. If you are in practice, you can claim deduction u/s 37.
CAclubindia
