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Income tax taxation of aop and boi

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Dear Sir,

I am filing ITR 5 for unregistered Trust(U/s 12A), As per financials my Excess of Income over Expenditure is Rs 19,907.00.

Tax calculation on above comes to Rs 6000 (roughly)(as calculated by excel utility).

But what i think is that Tax liability should come to NIL, as it is below Rs 2.5 Lakh.

I am filing the return in excel utility.

Please suggest the required changes to be made.

 

Replies (1)
as per sec 167B, if any member of aop/boi is having total income above 250,000 then entire income of aop/boi will be taxable at MMR. check it's applicability in ur case.


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