AOP Members Maximum Exemption Limit

What is the AOP members maximum exemption limit..??
Replies (9)
Quick Summary
This discussion clarifies the maximum exemption limit for AOP (Association of Persons) members for the financial year 2019-20. It explains that the exemption is not a fixed amount but depends on the individual member's status, including their age and any applicable deductions. The core question revolves around whether AOP income becomes taxable when a member's income is significantly higher, with the advice to check the maximum income not chargeable to tax for each member.

Please mention financial year
FOR FY 2019-20
Is it Co-operative Society ?.
It is not co operative society
Then what it is ?.
AOP income 10000 and member income is 525000 then AOP income is taxable or not.
APP member maximum exemption depend upon the status of member and not provided separately anywhere in act.
Member age is more than 60 year and he has deduction of ₹ 150000 .
You just need to check maximum income not chargeable to tax in case of every member

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