What is difference between aop and boi
This query is : Resolved
08 June 2012
What is difference between Association of Person & Body of Individual, Artificail Judicial person, Charitable Trust, Co-op Society and detail difference of All consittution in a simple, easy and lucid language
08 June 2012
BOI - Body of Individual was the concept in the ancient Portugal times which is still used in Indian Income Tax. Charitable trust is AOP. The trust is registered under Indian Trust Act. Society is registered under Co operative Societies Act. It is taxed as a separate entity... as co operative society. (A small point.... Co operative Societies Act 1960 is for societies. The earlier Act of 1860 is for trust.)
08 June 2012
BOI - Body of individuals.... the income of husband and wife was used to be taxed as BOI. No such new case in today's income tax.In USA, this concept is still in vogue.
10 June 2012
Whether Co-op Housing Society is BOI of HUF.Tribunal Board want to depoist into Bank. Nationalised Bank ask PAN.Under what catagory Tribunatl Board, Insurance Regulatroy Board, Unrgistered Mahila Bachat Gat{Women' Self Help Group} & Apartment Building can obtainin PAN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Sale of Equity shares for Purchase of Residential Property
- GST Reverse
- Liable to deduct tds and 44ADA
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- RCM and FCM
- Two seprate Invoice needed
- Subscription paid to foreign customer
- GST Cancellation without jurisdiction
- ITC on purchase of commercial property( shop/Godown/offce etc.)
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
