Dear Friends,
Income of any of the member of an AOP is greater than the basic exemption limit, since the AOP is taxable at MMR. Let me know that the income of the member earned only from the concerned AOP is considered for this purpose or the gross income of the member from all sources?
Thank You Sir
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
