Annual subscriptions paid to a professional institute or
society, membership of which gives the right to use a
qualification, may be admitted as deductions where profits from the
profession are assessed on the member.
Allowance may also be made, on the ground indicated in
BIM47430 for annual subscriptions to
local professional societies or branches of societies, if the
objects of such societies or branches are mainly professional.
The arrangement in
BIM47425 should not be invited. Any
legal liability of the institute or society under Case III etc
should be assessed.
Entrance or admission fees are not admissible in the normal
course. Where, however, a claimant insists that such a deduction is
admissible; a report should be made to CT&VAT (Technical).
