Business Studies, asked by Nike1851, 1 year ago

What Is An Individual Association ?

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Answered by aishamishra63
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Answer

Association of persons vs body of individuals .Association of persons (AOP),according to the Income Tax Act,1961,is the integration of two or more persons for a common purpose, and primarily with an intention to earn some income .....Body of Individuals (BOl) is aslo similar to an Association of persons.


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