if aop paid taxes at mmr rate then partial integration of tax i.e tax on agriculture income shall apply? only pgbp income of aop shall transfer to member or entire income of aop shall transfer
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This discussion explores the tax implications when an Association of Persons (AOP) pays taxes at the maximum marginal rate (MMR). It questions whether partial integration of tax, specifically on agricultural income, applies in such scenarios. Furthermore, it seeks clarification on whether only the business income (PGBP) of the AOP is transferred to its members, or if the entire income of the AOP is subject to transfer.