Section 187 - Assessment of Firm or Association of Persons
In relation to tax assessment of a firm or association of individual-
(a) total income of the firm or association of individual to be determined at first and assess the tax on the basis of the total income; and
(b) thereafter the after-tax income shall be distributed proportionately among the partners or members.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.