https://www.taxtmi.com/article/detailed?id=359 Corporate membership fees are deductible as business expenditure when paid and used wholly and exclusively for business purposes; enduring benefit or lump sum nature alone does not make them capital. Where the company nominates employees and the membership facilitates meetings with customers, suppliers or other contacts that advance business, the expense is revenue in nature. Contemporaneous evidence of nominations and business use strengthens allowability and distinguishes fees from personal perquisites or capital expenditures. en-us Fri, 08 May 2009 00:00:00 +0530 Mon, 03 Jan 2011 11:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=359 Corporate membership fees are deductible as business expenditure when paid and used wholly and exclusively for business purposes; enduring benefit or lump sum nature alone does not make them capital. Where the company nominates employees and the membership facilitates meetings with customers, suppliers or other contacts that advance business, the expense is revenue in nature. Contemporaneous evidence of nominations and business use strengthens allowability and distinguishes fees from personal perquisites or capital expenditures. Articles Income Tax Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=359