Aop

Saurabh Toshniwal (ca final) (2363 Points)

23 May 2015  
A aop in which a private limited company and partnership firm are members. Company provided land to aop, aop constructed building on that land and some portion of completed building was taken by both private limited company and partnership firm. Aop didn't charged any amount from both members. Now what will be the tax treatment under income tax and aop will be assessed. Aop is still in existence.