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of <h1>Income Tax Rule 3(7)(vi): Club Expenses as Taxable Benefits, Exemptions for Business-Only Use with Proper Documentation</h1> Rule 3(7)(vi) of the Income Tax guidelines addresses the valuation of perquisites related to club expenditures. It considers any club-related expenses incurred or reimbursed by an employer for an employee or their household as a taxable benefit, reduced by any amount recovered from the employee. This includes club fees but excludes expenses for facilities provided uniformly to all employees at the employer's premises. Corporate membership fees are not included in the perquisite value. The rule exempts expenses incurred solely for business purposes, provided detailed records are maintained and certified by the employer.
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