Which of the following is not a feature of Association of Persons (AOP) ?

CS Executive · Tax Laws · PYQS · June 2021
Which of the following is not a feature of Association of Persons (AOP) ?
(A) Joining together of two or more persons
(B) To produce income, profits or gains
(C) The coming together is voluntary in other words not mandated by any event or situation
(D) Only individuals can be members

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D). Official source note: Which of the following is not a feature of Association of Persons (AOP) ? (A) Joining together of two or more persons (B) To produce income, profits or gains (C) The coming together is voluntary in other words not mandated by any event or situation (D) Only individuals can be members

Topics: Income Tax

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