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COMMISSIONER OF WEALTH TAX versus RAMA VARMA CLUB


Members / clubs provide sports facilities such as tennis, badminton, etc. In addition to paying membership fees, members access the facilities offered by the club. No member of the club is entitled to any part of the ownership or revenue of the club, which will be fully applicable. Transfer of any proceeds or property left by the club to a similar item after the satisfaction of the club's debts and obligations towards the promotion of club goods. Individual status under Club 3 Section 21AA Also not applicable for. Clubs Indian Wealth Tax Act, 1957, Sections 3 and 21 AA

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