AOP TAXATION IN CASE OF NO PROFIT SHARING
This query is : Resolved
05 January 2023
DEAR EXPERTS,
IF MEMBERS DOES NOT CONTRIBUTE ANY CAPITAL TO AOP AND PROFIT ALSO NOT SHARED BY ANY MEMBER. WHAT IS THE AOP TAX RATE ?
IF MEMBERS DOES NOT CONTRIBUTE ANY CAPITAL TO AOP AND PROFIT ALSO NOT SHARED BY ANY MEMBER. WHAT IS THE AOP TAX RATE ?
06 January 2023
Individual slab rates applicable.
06 January 2023
When share is inderminate it should be taxed at MMR
06 January 2023
Yes, in such a case.
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