https://www.taxtmi.com/acts?id=46695 Section 167A charges tax on an association of persons (other than a company or co-operative society) at the maximum marginal rate where individual member shares in the association's income are indeterminate or unknown; if only part of the income has indeterminate shares, tax equals the tax on that part at the maximum marginal rate plus the tax that would apply if the remaining income were the association's total income, with definitions for "maximum marginal rate" and deeming of indeterminate shares. en-us Sat, 28 Dec 2024 11:44:48 +0530 Sat, 28 Dec 2024 11:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46695 Section 167A charges tax on an association of persons (other than a company or co-operative society) at the maximum marginal rate where individual member shares in the association's income are indeterminate or unknown; if only part of the income has indeterminate shares, tax equals the tax on that part at the maximum marginal rate plus the tax that would apply if the remaining income were the association's total income, with definitions for "maximum marginal rate" and deeming of indeterminate shares. Act-Rules F. Acts / Amendment Acts Sat, 28 Dec 2024 11:44:48 +0530 https://www.taxtmi.com/acts?id=46695