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Taxability of AOP

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(Querist)
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?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 March 2020 * Expenditure in relation to earning the income can be deducted.

* 30 % deduction u/s 24(a) can be claimed.

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