Insertion of new section 67A
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....:- '67A. Method of computing a member's share in the Income of association of persons or body of individuals. (1) In computing the total income of an assessee who is a member of an association of persons or a body of individual wherein the shares of the members are determinate and known (other than a company or a cooperative society or a society registered under the Societies Registrat....
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....resaid paid to the member by the association or body in respect of the previous year shall be added to that amount, and the result shall be treated as the member's share in the income of the association or body; (c) where the amount apportioned to a member under clause (a) is a loss, any interest, salary, bonus, commission or remuneration aforesaid paid to the member by the association or bo....