Member's Income from association of person

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Please suggest under which head of income, Members share of profit in AOP taxable? PGBP or IFOS?
Replies (3)

PGBP 

 

     AOP taxed  AT                      In the hands of members               

1.  MMR                    -              exempt 

2. Normal Tax rate  -              taxable subject to rebate u/s 86  

Thank You Sir....


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