Tax benifit on paying subsription fee

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anjana arora (Querist)
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23 March 2015 hi,
please suggest if some one pay Subscription fees to Institute as a member CIMA similar to CA in INDIA is entitled for any tax benefit.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 first specify who is that some1?
then specify his/ her business or profession?

anjana arora

anjana arora (Querist)
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23 March 2015 hi
the Assesse is the one of the director of a KPO and has to pay this subscription fee yearly. it is used for both for the profession and business. but we have not booked expenses in company account

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 if company is making such payment then director cant take the benefit

anjana arora

anjana arora (Querist)
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23 March 2015 no company is not making any payment. director has paid from his personal account
for personal renewal/subscription.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 so then he can take this exp only if he is having any prop business as a professional.

if he is only director and has no income from any seperate prop/ partnership busines as professional then he cannot claim this amount

anjana arora

anjana arora (Querist)
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23 March 2015 thank you very much.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 you are welcome anjana.........

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