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Can a member of AOP claim rebate u/s 87 A in his income

Saurabh Chawla (3 Points)

06 January 2021

Hello members,

kindly suggest any member of AOP can claim rebate u/s 87A in his return. thanks beforehand.

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7 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 06 January 2021

Yes rebate can claimed by AOP member

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ayusmita (Tax consultant) (5885 Points)
Replied 06 January 2021

Rebate is only for individual not to anyone else including AOP

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 06 January 2021

Rebate is applicable u/s 86
In case total income of PFAOP/AOP is not taxable at MMR or any other rate higher than MMR—the share of income of a member of PFAOP/AOP shall be added in his total income and shall be eligible for rebate of tax at average rate on such share.

In case total income of PFAOP/AOP is taxable at MMR or a higher rate —the share of income of a member from such PFAOP/AOP shall not be included in the total income of such member.

In case total income of PFAOP/AOP (which does not have any member whose individual income exceeds Rs. 2,50,000) is not taxable at all—the share of income of a member from such PFAOP/AOP shall be fully added in the individual income of such member and is fully taxable. No rebate of tax in this case.