The security deposit recovered from the members at the time of ...

Club Membership Security Deposits: Refundable Under Conditions; Classified as Capital Receipt for Tax Purposes.

December 30, 2016

Case Laws Income Tax HC

The security deposit recovered from the members at the time of their enrollment as a club member is refundable on occurrence of the contingencies mentioned in the Rules, Regulations and ByeLaws, same is required to be treated as a deposit and a capital receipt consequently - HC

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The security deposit recovered from the members at the time of ...

Club Membership Security Deposits: Refundable Under Conditions; Classified as Capital Receipt for Tax Purposes.

December 30, 2016

Case Laws Income Tax HC

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