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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition of club membership fees paid by assessee - By obtaining ...

Case Laws     Income Tax

March 23, 2018

Addition of club membership fees paid by assessee - By obtaining membership for a period of more than one year, there may be an advantage of enduring nature. However, such advantage is in the field of revenue benefit and not for obtaining any capital asset or obtaining benefit in capital field. - AT

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