Taxation in case of aop

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A conference was held by a group of doctors, PAN of conference was applied as AOP. Participation fees was collected for the participants and all expenses of the said conference was met out of the same. After all expenses some surplus was there.

My query is that do i need to pay any tax on the surplus and how to file the income tax return in this case?

Replies (1)
Dear Mam, Yes you have to pay tax on the profit from the AOP, It will be taxed at normal slab rate.

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