When a non-domestic company is a member in an AOP and its share of profit is indeterminate, the tax on total income of the AOP is charged at the —

CS Executive · Tax Laws and Practice · PYQS · June 2016
When a non-domestic company is a member in an AOP and its share of profit is indeterminate, the tax on total income of the AOP is charged at the —
(A) Nominal rate
(B) Maximum marginal rate
(C) Rate applicable to the company
(D) Least of the above three rates.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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