Taxability of AOP
This query is : Resolved
06 March 2020
Dear Sir
In the case of an unregistered trust or AOP, 1) entire gross receipts will be taxable or only the net income after application will be taxable.
2) If they have rental income 30percent deductions allowed?
In the case of an unregistered trust or AOP, 1) entire gross receipts will be taxable or only the net income after application will be taxable.
2) If they have rental income 30percent deductions allowed?
06 March 2020
* Expenditure in relation to earning the income can be deducted.
* 30 % deduction u/s 24(a) can be claimed.
* 30 % deduction u/s 24(a) can be claimed.
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