The Madras High Court concluded that upfront time-share membership fees are not wholly taxable in the year received due to the long-term contractual obligations associated with accommodation services, allowing the fees to be amortized.
Madras HC Allows Time-Share Membership Fees to Be Spread Over Contract Period
The Madras High Court concluded that upfront time-share membership fees are not wholly taxable in the year received due to the long-term contractual obligations associated with accommodation services, allowing the fees to be amortized.
Citations
- Madras High Court (2026)
Source:taxguru.in