Go AD-Free with CAclubindia Pro with Daily WhatsApp Updates. Subscribe Now!
caclubindia logo
  • News
    Income Tax GST Students Corporate Law Audit More ...
  • Articles
    Income Tax Students GST Corporate Law Service Tax More ...
  • Forum
    Income Tax Students GST Corporate Law Accounts More ...
  • Experts
    Income Tax Students GST Service Tax Accounts More ...
  • Notices
    Customs Income Tax GST Corporate Law Shares and Stock More ...
  • Files
    Income Tax Students GST Corporate Law Accounts More ...
  • Judiciary
    Income Tax LAW GST Corporate Law Service Tax More ...
  • Learning
  • Books
  • Jobs
CCI Pro Sign In 
Site
Course
Site
Course

Certification Course Mastering Balance Sheet Audit with AI Tools

CA Deepak Gupta   INR 399

Certification Course on Mastering Financial Statements for Non-Corporates

CA Deepak Gupta   INR 399

GST LIVE Certification Course - 42nd Batch(Without Certificate)

Industry Expert   INR 6500

Certification Course on Practical Filing of Income Tax Returns

CA Pratibha Goyal   INR 799

Professional ITR Preparer Course

Saniya Mushrif   INR 1000

Certification Course on How to Handle Faceless Assessment Using AI

CA Deepak Gupta   INR 499
Close
  • Popular Courses
  • LIVE
  • GST
  • Tally
  • Excel
  • MsOffice
  • Income Tax
  • Accounting
  • CA
  • CS
  • EPF Live Course
  • More classes
  • Courses :
  • Live
  • EPF Live Course
  • View All
  1. Home
  2. Forum
  3. Income Tax
  4. Others

about AOP

CA Mohit jain

CA Mohit jain (CA ) (51 Points)

30 October 2009  

A



Reply

Follow

Share

More
  •   Start a discussion
  •   Unanswered
  • Report Abuse

 4 Replies

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Practicing CA) (8639 Points)
Replied 30 October 2009

The members of AOP can raise bills on AOP as the AOP is different person for Income Tax Purposes. As a partner in a partnership firm can get rent, interest, salary, any other expenditure, etc. the same way, a member of AOP can also raise bills on AOP.

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books
Upgrade to CAclubindia Pro. Subscribe Now!

CA Mohit jain

CA Mohit jain (CA ) (51 Points)
Replied 30 October 2009

sir


Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Practicing CA) (8639 Points)
Replied 30 October 2009

Sorry to say, what i said was not correct. The correct view is as below.

In case of AOP / BOI the income will be computed as below.

Any Salary, bonus, commission or remuneration, or interest (whether on loan, capital or borrowing) by whatever name called shall not be deductible. The total income of the AOP / BOI is taxable at the rates applicable to individual or at the maximum marginal rate or a rate above maximum marginal rate. the computation of the tax of the AOP / BOI shall also further depend upon the individual incomes of the members and also their shares in the AOP.


varun sharma

varun sharma ( CA Final , M.Com) (87 Points)
Replied 30 October 2009

hi Mohit,

I think the above bill raised reg consultancy of members to AOP is allowed. Tds will be deductible. and treatment in AOP will be these bills are ragarded as outlflow as share of com and other exp as specified in act such as interest, salary, bonus,& remuneration by what ever name called paid to members will be deducted from the gross income of AOP , the net income that before deducting the tax, will be distributed to members in their sharing ratio.   then the member are indiviualy liable for their share of profit and other income, their compution will be made seperatlly.. however AOP will pay the tax on the amount gross amount of income.

These provisions are sub to sec 67 A when the shares of members in AOP are known. otherwise if their is com member the higher rate will be applicable...



Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Join CCI Pro

Recent Topics


  • TDS Q4 RETURN - DEFAULTS DUE TO WRONG DEDUCTIONS D
  • B2c HSN summary
  • Payment through DRC03
  • Request for Legal Opinion on Property Ownership an
  • GST registration on F&O turnover exceeding 20
  • Help needed for repatriation of assets
  • New Data Fields and Additional Disclosure Requirem
  • DTAA Income
  • Tax invoice format enquiry for filing GST
  • GST ANNUAL RETURN Table 4 F

More recent discussions | Post

Related Threads


Loading

Popular Discussion


    Loading please wait

view more »


Start a New Discussion
CCI Pro

Trending Online Classes

  • Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)

    Mr.Balamurugan Ranganathan
    Mr.Balamurugan Ranganathan
    Enroll Now
    16 June 2025
  • Guide to UAE Corporate Tax Return filing (3rd Live Batch)

    CA Mohd Asim
    CA Mohd Asim
    Enroll Now
    14 June 2025
  • Professional ITR Preparer Course

    Saniya Mushrif
    Saniya Mushrif
    Enroll Now
    31 May 2025
view all classess


Subscribe to the latest topics :

Search Forum:

Forum Home
Popular Threads
Recent Posts
Unreplied Threads
Post New Topic
Settings



  • Articles
  • Forum
  • Jobs
  • Judiciary
  • Settings
  • News
  • Experts
  • Share Files
  • Notification
  • Certification Courses
  • Categories
  • Feed
  • Bookmarks
  • Top Members
  • CCI Rewards
  • Live Classes
  • Books
  • CCI Online Learning
  • Group
  • CCI Pro
Member Strength 4182388 and growing..
Find Us On

  • About
  • We are Hiring
  • Media Coverage
  • Advertise
  • Terms of Service
  • Disclaimer
  • Privacy Policy
  • Contact Us
© 2025 CAclubindia.com. India's largest network for Finance Professionals
Share
 Facebook
 Twitter
 Linkedin
 Reddit
 Email
 Whatsapp
 Gmail
 Pocket
 Print
 Pinterest
 PDF
 Translate
Whatsapp Groups
GST
Income Tax
CA Final
CA Inter
CAclubindia
Login at CAclubindia

cciCAclubindia

India's largest network for
finance professionals



login
Forgot Password ?

Alternatively, you can log in using:

Login with Facebook
Login with Google

Don't have an account? Register Now

click here to register