https://www.taxtmi.com/manuals?id=1412 Trade and professional associations are associations of traders or professionals. General surplus from ordinary activities (e.g., entrance fees) is not taxable and related general expenditures are not deductible. Income from providing specific services to members is taxable, and expenditures incurred to earn such service income are deductible. en-us Mon, 18 Jan 2016 13:26:00 +0530 Mon, 13 May 2024 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1412 Trade and professional associations are associations of traders or professionals. General surplus from ordinary activities (e.g., entrance fees) is not taxable and related general expenditures are not deductible. Income from providing specific services to members is taxable, and expenditures incurred to earn such service income are deductible. Manuals Income Tax Mon, 18 Jan 2016 13:26:00 +0530 https://www.taxtmi.com/manuals?id=1412