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What is HUF's AOP and BOI in incometax?


What is HUF's AOP and BOI in incometax?

HUF - Hindu Undivided Family
AOP - Association of Persons
BOI - Body of Individuals

All are "persons" in the IT Act
HUF - Hindu Undivided Families
AOP - Association of Persons
BOI - Board of Investments
Section 2(31) of the Indian Income tax act defines persons who are liable for taxing.,
HUF is a Unit of joint hindu family (Mitakshari and Dayabaga school of thought) where in all the family members, including the unborn child has an indeterminate share in the family's property (viz., business, incomes etc.,)
AOP & BOI is a status where a group of people come together to do a business or an act which earns them a profit or loss.

these statuses are very significant as they determine the tax liability to a great extent
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