tax
This query is : Resolved
24 February 2009
What do you mean by body of individual ? and please give me the Eg. of same
24 February 2009
Person under Section 2(31) includes an assocation of person or a body of individuals irrespctive of the fact whether incorporated or not
In case of Body of individuals that only individuals can form or constituents of a body of individuals.
Example:Co owners,co heirs getting income from inherited estate or other income yielding activities,
and
In cases of Association of persons constituents may or may not be individuals.
In case of Body of individuals that only individuals can form or constituents of a body of individuals.
Example:Co owners,co heirs getting income from inherited estate or other income yielding activities,
and
In cases of Association of persons constituents may or may not be individuals.
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