https://www.taxtmi.com/forum/issue?id=108947 Whether a chamber of commerce registered as a non profit company but not registered for income tax exemption should be taxed on surplus at the maximum marginal rate or at the rate ordinarily applicable to an Association of Persons; Circular No. 320 indicates tax is payable at the ordinary AOP rate rather than the maximum marginal rate. en-us Sat, 25 Jul 2015 11:09:54 +0530 Thu, 23 Jan 2025 15:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108947 Whether a chamber of commerce registered as a non profit company but not registered for income tax exemption should be taxed on surplus at the maximum marginal rate or at the rate ordinarily applicable to an Association of Persons; Circular No. 320 indicates tax is payable at the ordinary AOP rate rather than the maximum marginal rate. Discussion-Forum Income Tax Sat, 25 Jul 2015 11:09:54 +0530 https://www.taxtmi.com/forum/issue?id=108947