Question

what is the incorporated association of person​

Answer 1

Answer:

Explanation:

Association of persons means two or more persons who collaborate for a mutual determination with a vision to earn an income. However, the term Person includes any company or association or body of individuals, whether incorporated or not. The association need not be on the basis of a contract.

Answer 2

Answer:

hii

Explanation:

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. A person, in AOP terminology, can be a company or a body of individuals, whether or not incorporated.