Hi,
As per sec 167B if none of the members have "Total Income" which exceeds the maximum amount of income not chargeable to tax And None of the member is assessable to tax at MMR then
AOP/BOI is taxable at Normal rates..
For the same i wanted to know if the member is a women then will the Basic exemption be considered as 180,000 or 190,000.
Thank You,
Ankita
CAclubindia
