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282 views • Question added Mar 03, 2014 • Accounts • By Kapil Singhal , Alwar


Please provide the liability status of an AOP as in case of partnership liability of partners is unlimited.

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CA Rajnish

06-Mar-2014 , 06:16:41 pm

If share of partners of AOP is undeterminate then Income of AOP shall be taxed at maximum marginal tax rate i.e. 30.90%

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