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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Expenditure incurred on Club membership and subscription fees - ...

Case Laws     Income Tax

March 25, 2020

Expenditure incurred on Club membership and subscription fees - Claim of business expenses by the Partner against the interest income from partnership firm - there is no error in the findings of the Ld.CIT(A) in confirming disallowances made by the Ld. AO towards subscription and membership fees paid to clubs, while computing income under the head profits and gains of business or profession.

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