TaxTMI 
TaxTMI 
Sir, what is the procedure of calculation for income tax of AOP? i think it is same as well as individual slab rate. But ITO charge 30% tax on AOP income why?
please sir guide me how can i help to my client?
CALCULATION OF INCOME TAX OF AOP
27 Oct 2012 
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Taxation of AOP: AOP tax status dictates members' share treatment and whether members receive rate rebates.
Assessment depends on whether the AOP/BOI is taxed at the maximum marginal rate, at slab rates, at a higher rate, or is not chargeable. If taxed at the maximum marginal or higher rate, members' shares are exempt; if taxed at slab rates, members include their share for rate purposes and obtain a rebate; if not chargeable, members include their shares in taxable income without rebate. Computation requires aggregating income by heads to gross total income, applying Chapter VIA deductions, and observing disallowances for interest and remuneration paid to members. Determinate shares are apportioned to members; indeterminate shares attract the maximum marginal rate on the AOP/BOI. (AI Summary)
Assessment depends on whether the AOP/BOI is taxed at the maximum marginal rate, at slab rates, at a higher rate, or is not chargeable. If taxed at the maximum marginal or higher rate, members' shares are exempt; if taxed at slab rates, members include their share for rate purposes and obtain a rebate; if not chargeable, members include their shares in taxable income without rebate. Computation requires aggregating income by heads to gross total income, applying Chapter VIA deductions, and observing disallowances for interest and remuneration paid to members. Determinate shares are apportioned to members; indeterminate shares attract the maximum marginal rate on the AOP/BOI. (AI Summary)