Please Help: AOP
Posted Date : 03-Mar-2014 , 07:12:48 pm | Posted By Kapil Singhal
Please provide the liability status of an AOP as in case of partnership liability of partners is unlimited.
Category : Accounts | Answers : 0 | Comments : 1 | Hits : 249
Answers
Comments
CA Rajnish
06-Mar-2014 , 06:16:41 pmIf share of partners of AOP is undeterminate then Income of AOP shall be taxed at maximum marginal tax rate i.e. 30.90%