What is tax treatment of BOI.(Body of Individual) ..For example of if 3 person are receiving Rent income and their share is equal then can the income be taxed in BOI ? What if 3 person wants to share this income after they being taxed..is there again tax has to be paid when income is divided in hands of members.. ? clarify with sections/provisions..
Menu
Taxation of BOI ...
Replies (1)
Rent Income will be tax to BOI. Once they are tax as BOI, income will not be again tax in the hands of individual(member).
Recent Topic
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
Related Topics
CAclubindia
