Body of Individual

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A Body of Individuals (BOI) is a group of two or more individuals coming together solely to earn income, differing from an Association of Persons which can include legal entities. While rare, examples include two friends jointly winning a lottery or an unregistered partnership. An association of flat owners can also be registered as a BOI.

Avik Banerjee

Avik Banerjee (Querist)
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03 April 2020 Respected Experts

pls give me example of BOI if any is there

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 April 2020 Body of Individuals (BOI) is also similar to an Association of Persons. However, in a Body of Individuals, only two or more individuals can join with an intention to earn some income. Hence, Body of Individuals only contains individuals, while an Association of Persons could contain legal entities.

Avik Banerjee

Avik Banerjee (Querist)
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03 April 2020 Then sir what are the examples of BOI Pls clerify me sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 April 2020 We can't find any BOI it's rare one. Even I have not seen any one.