club membership fees
This query is : Open
NIRU TULSYAN
(Querist)
21 October 2008
if the director of the company pays club membership fees for joining a club , so that he can increase his network and business contacts ,whether that expense is allowable in the books of the company???
Pankaj Jhawar
(Expert)
22 October 2008
Yes, disclosure required in Tax Audit return
Pankaj Jhawar
(Expert)
22 October 2008
Yes, disclosure required in Tax Audit return
S.Srinivasaraghavan
(Expert)
22 October 2008
Yes. Mr.Pankaj has stated correctly.
NIRU TULSYAN
(Querist)
23 October 2008
Thank you Mr. Pankaj. I would be glad if u can site any case law supporting the fact that this is an allowable exepnse ??
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