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Difference

Rakesh Saini (14 Points)

24 September 2017

Difference between AOP and BOI?

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(Guest)

Meaning of AOP and BOI, and its Difference. An AOP means a group of persons (whether individuals, HUF, companies, firms, etc.) who join together for common purpose(s). ... Whereas, BOI means a group of individuals (individual only) who join together for common purpose(s) whether or not to earn income.

Umakanth 07 (54 Points)
Replied 27 September 2017

1) if 2 or more persons combined together to do a business and registered
as partnership is called as partnership
2) if 2 or more persons ( only individuals ) joined together for common purpose and not registered as partnership is called as body of individuals .
3) if 2 or more persons (individuals , huf, firms , companies etc ) joined together for common purpose is called as association of persons .