Association of Persons OR Body of Individual

Association of Person: The Income Tax Act does not define the meaning and definition of AOP. In the absence of any definition under the Income Tax Act, the words must be read in their plain ordinary meaning. “AOP means two or more personas who join for a common purpose with a view to earn an…


Income Tax Amendments Applicable From 01.04.2017

Important Amendments in the Income Tax Act Applicable From 01.04.2017 The Finance Act, 2017, which has made a history of being a enacted law on 31st March, 2017 , has made far-reaching changes in Direct Taxes. Specially in case of provisions of cash transaction which are going to affect almost every person of the society…