Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2012
difference between A.O.P and partnership firm ?
whether both are same
whether both are same
14 September 2012
No, both are not same. Limited period partnerships are mostly taxed as AOP. Joint Ventures fall under this category of AOP. The firm formed under Indian PArtnership Act, is taxed as FIRM
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Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2012
iska matlab sir jo thodhi der ke liye partnership firms bnati hain vo AOP`S hai
kya isme LLP`S BHI AA JAYEGI
kya isme LLP`S BHI AA JAYEGI
17 September 2012
AOP in Associate of "Person" and person includes natural as well as artificial person like company. Firm consist of only natural person. Hence LLP is AOP because it is artificial person.
Firm formed for small duration is Firm and not AOP
Firm formed for small duration is Firm and not AOP
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