can any one please clear the difference between the firm and the associates of persons (AOP)
3 Replies
Rupesh Maheshwari
(ACA, Dip. IFR (ACCA))
(6166 Points)
Replied 19 July 2008
the members/partners of a partnership firm must be a human being i.e. he/she must be an individual
whereas in a AOP the members may be any person (natural/artificial) described in the Income Tax Act, 1961
dattatreya Sarma
(accountant)
(108 Points)
Replied 19 July 2008
One of my friends has two house loans
For 1st house loan interest is 59900
For 2nd house loan interest is 149000
One is parental occupied and another one is rented he climes for HRA how it is possible
And how much current year loss he will get benefit.
Pls solve the problem
- How much HRA he will clime?
- how much interest will exempted as current year loss
pls mail me 9248004555tax @ gmail.com
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