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
09 Sep 2014 
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Taxation of association of persons: addresses treatment when share of profit is determinable and members' tax positions.
Taxation of an association of persons (AOP) formed by two companies where the share of profit is determinable: the issue concerns whether and how the AOP is assessed as a separate taxable entity and how the distributive share of profits is treated in the hands of the corporate members; the provided reply does not resolve these points. (AI Summary)
Taxation of an association of persons (AOP) formed by two companies where the share of profit is determinable: the issue concerns whether and how the AOP is assessed as a separate taxable entity and how the distributive share of profits is treated in the hands of the corporate members; the provided reply does not resolve these points. (AI Summary)