Computation of Income Tax

Rates applicable to AOP.

But it should be noted that if any of the two individual has income exceeding maximum amount not chargeable to tax, then the rate of tax for AOP would be 30% otherwise it would be normal tax rates applicable to individuals.

if the income of aop than rate of aop will be charged

Originally posted by : Nitu Agarwal
	Rates applicable to AOP. But it should be noted that if any of the two individual has income exceeding maximum amount not chargeable to tax, then the rate of tax for AOP would be 30% otherwise it would be normal tax rates applicable to individuals.

Agreed.

1 - Profit or loss on shares are treated as short term capital gain / Loss or treat as business profit / loss.

2 - In daily transaction of shares turnover treated i.e. sales amount or purchases amount or difference between purchases and sales amount. Is it compalsory for TYax audit.

Prem