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of <h1>New Clause 309: Calculating Member Shares in AOPs and BOIs, Deducting Interest, Salary, Bonus, and More.</h1> Clause 309 of the Income Tax Bill, 2025, outlines the method for computing a member's share in the income of an association of persons (AOP) or body of individuals (BOI), excluding companies, co-operative societies, or societies registered under the Societies Registration Act, 1860. For members with known shares, any interest, salary, bonus, commission, or remuneration is deducted from the association's total income, and the remaining balance is apportioned among members. This apportioned amount is adjusted based on profit or loss and apportioned under various income heads. Interest paid on borrowed capital for investment in the AOP or BOI is deductible from the member's share.
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