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22 January 2015 Can anyone tell whether sec 10(2) of income tax act includes association of person or is it applicable only to partnership firm?

Its urgent

Please reply

22 January 2015 Section 10(2)is applicable on Individual & 10 (2A)on partnership firm only.



22 January 2015 Section 10(2A) is only applicable to partnership firm.




22 January 2015 no this section does not include aop nor applicable to firms.

22 January 2015 Under which section share of profit from aop is exempt. .....if it is received by an individual

22 January 2015 Proviso (a) to Section 86 may be referred.
.
Where the AOP pays tax @ 30%/ or at a higher rate, then members are not required to include the share in AOP.

23 January 2015 10(2) for member of huf get the income from the HUF.

10(2A)
share of profit from the firm.

AOP is not covered.



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