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club membership fees

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(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???
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Pankaj Jhawar

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Pankaj Jhawar (Expert)
22 October 2008 Yes, disclosure required in Tax Audit return
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Pankaj Jhawar

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Pankaj Jhawar (Expert)
22 October 2008 Yes, disclosure required in Tax Audit return



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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 October 2008 Yes. Mr.Pankaj has stated correctly.
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NIRU TULSYAN

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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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