TaxTMI 
TaxTMI 
TaxTMI 
Sir my query is that- 2 companies formed an AOP. please explain the manner of taxation in the hands of AOP (share of profit is determinable) . And also the treatment of profit in the hands of the members i.e both the companies.
regarding taxation of aop
Guest
Two Companies Seek Clarification on Taxation Method for Association of Persons' Profits Under Section 89 Two companies formed an Association of Persons (AOP) and sought clarification on the taxation method for the AOP, particularly how profits are taxed both within the AOP and for the individual member companies. The query received one reply asking if the issue had been clarified, indicating a need for further information or assistance. (AI Summary)