Search Results for Tag : Association of Persons

News

CBDT: Contractors in Consortium Not to be Taxed as AOP(08.03.2016)

Central Board of Direct Taxes (CBDT) has said those working in a consortium will not be taxed as Association of Persons (AOP) if each entity's earning.....

Tags : Central Board of Direct Taxes , Association of Persons, consortium

SC: Fixed Shares Paid to Association of Persons Members are Taxable as Income, Regardless of Profit(13.05.2026)

Supreme Court held that fixed receipts paid to an AOP member, without sharing losses or expenses, cannot be treated as exempt “share of profit” under .....

Tags : Fixed Shares; Association of Persons; Income Tax Act

Notifications & Circulars

Clarification regarding taxability of consortium members(07.03.2016)

The Central Board of Direct Taxes moved to dispel ambiguities behind treatment of consortiums as an ‘Association of Persons’ for the purposes of taxat.....

Tags : Association of persons, consortium, taxability