https://www.taxtmi.com/acts?id=51856 If members' shares in an association's income are indeterminate or unknown, tax is charged on the association's total income at the maximum marginal rate, except where any member's total income is subject to a higher rate, in which case that higher rate applies to the association's total income. If shares are determinate, a member whose separate income exceeds the exempt threshold causes the association's income to be taxed at the maximum marginal rate; where the association's income is chargeable at a higher rate, income attributable to that member is taxed at the higher rate and the balance at the maximum marginal rate. en-us Thu, 14 Aug 2025 17:42:16 +0530 Wed, 20 Aug 2025 15:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51856 If members' shares in an association's income are indeterminate or unknown, tax is charged on the association's total income at the maximum marginal rate, except where any member's total income is subject to a higher rate, in which case that higher rate applies to the association's total income. If shares are determinate, a member whose separate income exceeds the exempt threshold causes the association's income to be taxed at the maximum marginal rate; where the association's income is chargeable at a higher rate, income attributable to that member is taxed at the higher rate and the balance at the maximum marginal rate. Act-Rules Income Tax Thu, 14 Aug 2025 17:42:16 +0530 https://www.taxtmi.com/acts?id=51856