Aop
This query is : Resolved
Thejaswini HD
(Querist)
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
Its urgent
Please reply
CA Anjana Grover
(Expert)
22 January 2015
Section 10(2)is applicable on Individual & 10 (2A)on partnership firm only.
CA R SEETHARAMAN
(Expert)
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.
Thejaswini HD
(Querist)
22 January 2015
Under which section share of profit from aop is exempt. .....if it is received by an individual
CA PARAS BAFNA
(Expert)
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.
.
Where the AOP pays tax @ 30%/ or at a higher rate, then members are not required to include the share in AOP.
Rupesh Jain
(Expert)
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.
10(2A)
share of profit from the firm.
AOP is not covered.
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