https://www.taxtmi.com/acts?id=4256 A member's share is computed by deducting any interest, salary, bonus, commission or remuneration paid to members from the association's total income and apportioning the balance among members; if the apportioned amount to a member is a profit the remuneration paid to that member is added to that amount, if a loss the remuneration is adjusted against it. The computed share is apportioned among the same heads of income as those used for the association, and interest on capital borrowed by a member for investment in the association is deductible under Profits and Gains of Business or Profession. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4256 A member's share is computed by deducting any interest, salary, bonus, commission or remuneration paid to members from the association's total income and apportioning the balance among members; if the apportioned amount to a member is a profit the remuneration paid to that member is added to that amount, if a loss the remuneration is adjusted against it. The computed share is apportioned among the same heads of income as those used for the association, and interest on capital borrowed by a member for investment in the association is deductible under Profits and Gains of Business or Profession. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4256