Tag Archives: tax on membership fee

Tax on membership fees

By | July 30, 2015

QUESTION : How the Tax on membership fees will be paid  ?  Whether Non Refundable membership fees  will be taxed in the year of receipt or it will have to be apportioned  over the Period of Membership. ? Answer :  Non refundable membership fee has to be apportioned and taxed during period of membership. The assessee company is engaged… Read More »