What is an AOP i.e Association of Persons under Income Tax Act ?

AOP or Association of Person is defined as  a person under section 2(31)(v ) of the Income Tax Act . However, what is an...

How to compute remuneration in case of partners change during the year ?

Kaushik Jagad of Bahvnagar asks "I have a partnership firm having 2 partners having equal shares i.e. 50 %. On 18/09/2009, 1 partner was...

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