U/S 167A tax rate of AOP/BOI

This query is : Resolved 

02 July 2009 U/S 167A tax rate of AOP/BOI if one or person taxable at the rate at higher than maximum chargeable rate than AOP/BOI taxable at the rate…
a)40%+2.5%+3% = 42.23% (in Gupta jee book) or

b)40%+3% = 41.20% (in bangar book)

Which option is correct?

02 July 2009 a) It is for a foreign company which is a member of AOP/BOI.
b) It is for a domestic company which is a member of AOP/BOI.


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