Determination of Income of Association of Person (AOP) under Income Tax Act
ASSOCIATION OF PERSON (AOP) UNDER INCOME TAX ACT An Association of Persons (AOP) or a Body of Individuals (BOI), whether incorporated is treated as a person u/s 2(31) of the Income Tax Act, 1961. It is important to note that an AOP or BOI shall be deemed to be a person, whether or not, it was formed […]
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