Tax on Share of Profit from AOP

AOP (Association of person) includes a hindu undivided family, a partnership firm and any body of persons developed under a foreign law. However, AOP does not include company.

AOP has to pay tax on its profit @ 35 {1bb28fb76c3d282be6cfd0391ccf1d9529baae691cd895e2d45215811b51644c}. However, for an audit firm and law firm, this rate has been reduced to 32 {1bb28fb76c3d282be6cfd0391ccf1d9529baae691cd895e2d45215811b51644c}.