https://www.taxtmi.com/acts?id=46951 Tax is charged on the total income of an association of persons (other than a company or co-operative society) at the maximum marginal rate where individual member shares in the whole or any part of that income are indeterminate or unknown; the Explanation ties maximum marginal rate to the meaning in the Explanation to sub-section (3) of section 164 and deems shares indeterminate if unknown at formation or at any time thereafter. en-us Fri, 03 Jan 2025 13:26:16 +0530 Fri, 03 Jan 2025 13:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46951 Tax is charged on the total income of an association of persons (other than a company or co-operative society) at the maximum marginal rate where individual member shares in the whole or any part of that income are indeterminate or unknown; the Explanation ties maximum marginal rate to the meaning in the Explanation to sub-section (3) of section 164 and deems shares indeterminate if unknown at formation or at any time thereafter. Act-Rules F. Acts / Amendment Acts Fri, 03 Jan 2025 13:26:16 +0530 https://www.taxtmi.com/acts?id=46951