https://www.taxtmi.com/forum/issue?id=4862 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. en-us Sat, 27 Oct 2012 20:21:22 +0530 Thu, 23 Jan 2025 15:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4862 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. Discussion-Forum Income Tax Sat, 27 Oct 2012 20:21:22 +0530 https://www.taxtmi.com/forum/issue?id=4862