Initial Club Membership Fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2011
Whether Initial Club Membership Fees are charged to revenue expenditure u/s. 37 or are charged to capital expenditure of Rs. 1,50,000/-?
We are also paying annual fees as membership fees.
We are also paying annual fees as membership fees.
04 February 2011
It will be capital expenses as per details available above as it is one time expenses and has benefit over a number of years.
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