TMI BlogIncome Tax Rates for AOP, BOIX X X X Extracts X X X X X X X X Extracts X X X X ..... 1 167B(1) Where the individual shares of the members of an association of persons or body of individuals (other than a company or a co-operative society or a society registered under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that Act in force in any part of India) in the whole or any part of the income of suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able to tax at a rate or rates which is or are higher than the maximum marginal rate, tax shall be charged on that portion or portions of the total income of the association or body which is or are relatable to the share or shares of such member or members at such higher rate or rates, as the case may be, and the balance of the total income of the association or body shall be taxed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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