Specified Entity definition excludes companies and co-operative societies for income-tax treatment, covering firms and associations of persons. Specified Entity is defined for income-tax purposes as a firm or other association of persons or a body of individuals that is not a company or a ... Summary
Specified Entity definition excludes companies and co-operative societies for income-tax treatment, covering firms and associations of persons.
Specified Entity is defined for income-tax purposes as a firm or other association of persons or a body of individuals that is not a company or a co-operative society, thereby classifying non-corporate collective arrangements for the applicable tax rule.
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