What is tax treatment of BOI.(Body of Individual) ..For example of if 3 person are receiving Rent income and their share is equal then can the income be taxed in BOI ? What if 3 person wants to share this income after they being taxed..is there again tax has to be paid when income is divided in hands of members.. ? clarify with sections/provisions..
1 Replies
vishal shah
(account executive)
(40 Points)
Replied 21 January 2010
Rent Income will be tax to BOI. Once they are tax as BOI, income will not be again tax in the hands of individual(member).
Recent Topics
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
Related Threads
CAclubindia
