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CS Executive Practice Test: Assessment of Partnership Firms, LLP, AOP & BOI – CS Executive Tax Laws
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CS Executive Practice Test: Assessment of Partnership Firms, LLP, AOP & BOI – CS Executive Tax Laws
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7 Questions

1. An association of persons (AOP) has paid tax at the maximum marginal rate. Yash, a member of AOP received ₹ 1 lakh as his share income.
Such income is chargeable to tax in his assessment @
2. The tax shall be charged on the total income of the AOP at the maximum marginal rate under the provisions of Section 167B of Income Tax Act, 1961:
3. Salary received by a partner from his partnership firm is considered in his personal assessment as
4. Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head
5. From a tax point of view, a limited liability partnership (LLP) is treated as
6. Under the Income-tax Act, 1961, Partnership Firm is chargeable to tax @:
7. When a non-domestic company is a member of an AOP and its share of profit is indeterminate, the tax on the total income of the AOP is charged at the

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