Gross total income

Direct Taxation

Share of profit from AOP is taxable in the hands of individual or AOP?

Gomathi K

CA Final

★ 40K+

08-Nov-21 10:31

654

Answers (2)

If AOP paid tax at Maximum marginal Rate - Share of profit is not included in the hands of members If AOP paid tax on its income at the same rates as applicable to individual - Included in total income of individuals

Yoga Vishnu

CA Final

★ 11K+

08-Nov-21 10:53

Thread Starter

Gomathi K

CA Final

★ 40K+

08-Nov-21 11:03