Dear All.
Plz suggest me. for applying pan of residential society which category to be selected AOP/BOI OR artificial jurisdiction person.
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CATEGORY FOR PAN
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BOI
In case of BOI, only individuals can be the members, whereas in case of AOP, any person can be its member i.e. entities like Company, Firm etc. can be the member of AOP but not of BOI.
In case of an AOP, members voluntarily get together with a common will for a common intention or purpose, whereas in case of BOI, such common will may or may not be present.
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