IN CASE OF ASSESSMENT OF AOP
THERE ARE FOUR MEMBERS
3 INDIVIDUALS AND A FIRM
AS PER PROVISION IF NONE OF MEMBERS HAVING INCOME NOT EXCEEDING BASIC EXEMPTION LIMIT AND MEMBER ASSESSABLE AT MMR
THEN AOP WILL BE ASSESSED AT MMR
I WANT TO ASK IF 3 INDIVIDUALS'S INCOME IS NOT EXCEDDED AND FIRM INCURRED LOSS
THEN AT WHAT RATE AOP WILL BE ASSESSABLE?
CAclubindia
