An association of persons (AOP) has paid tax at the maximum marginal rate. Yash, a member of AOP received ₹1 lakh as his share income. Such income is chargeable to tax in his assessment @ —
CS Executive · Tax Laws and Practice · PYQS · December 2016
An association of persons (AOP) has paid tax at the maximum marginal rate. Yash, a member of AOP received ₹1 lakh as his share income. Such income is chargeable to tax in his assessment @ —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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