The tax shall be charged on the total income of the AOP at the maximum marginal rate under the provisions of Section 167B of Income Tax Act, 1961:
1. Where individual shares of the members of an association or body are indeterminable or unknown in relation to the whole of the income
2.Where members share equally
3. Where the individual shares of the members of an associate or body are indeterminable or unknown relating to any part of the income
4.(D) Both (A) and (C)
Posted Date:-2022-08-28 04:35:10