INCOME TAX
This query is : Resolved
25 November 2008
1. DIFFERENCIATE AMONG BOI,AOP AND PARTNERSHIP FIRM
25 November 2008
in body of indivdual there are more than two partners they are partnership deed or trust or any person but in partnership only individuals are partners
26 November 2008
PLEASE GIVE ME ANSWER ME
27 November 2008
PARTNERSHIP FIRM- ONLY INDIVIDUAL CAN PARTNERS. THEY ARE TOGETHER FOR MAKING SOME PROFIT BY THE BUSINESS RUNNING BY THEM OR BY ONE OF THEM ON BEHALF OF THEM.
AOP- ANY PERSON CAN BE THE MEMBER OF AOP. PERSON MEANS: INDL, FIRM, COMPANY, SOCIETY, ANY LEGAL ENTITY.
BOI- IE BODY OF INDIVIDUALS. IE ONLY INDIVIDUAL CAN BE A MEMBER OF BOI. IF TWO OR MORE PERSONS JOINTLY DOING SOME TASK AND THEY ARE NOT CREATING A FIRM FOR THIS AS DEFINED IN PARTNERSHIP ACT THEN THEY ARE BODY OF INDLS. THERE IS A THICK DIFFERENCE BETWEEN PARTNERSHIP AND BOIs.
AOP- ANY PERSON CAN BE THE MEMBER OF AOP. PERSON MEANS: INDL, FIRM, COMPANY, SOCIETY, ANY LEGAL ENTITY.
BOI- IE BODY OF INDIVIDUALS. IE ONLY INDIVIDUAL CAN BE A MEMBER OF BOI. IF TWO OR MORE PERSONS JOINTLY DOING SOME TASK AND THEY ARE NOT CREATING A FIRM FOR THIS AS DEFINED IN PARTNERSHIP ACT THEN THEY ARE BODY OF INDLS. THERE IS A THICK DIFFERENCE BETWEEN PARTNERSHIP AND BOIs.
28 November 2008
CAN WE GET BOI REGD. ALSO?IF YES THEN HOW?
07 November 2021
For IT act, BOI is same as AOP.
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