A Comparitive Study of Tax Paid By Partnership Firm and Association of Persons from Assessment Year 2004-05 to 2014-15

Abstract: The study evaluates the taxes paid by twenty partnership firm and twenty association of persons over the assessment year 2004-05 to 2014-15. To shy away from the argument of differential income generation over the period, the study evaluates income-wise comparison of the partnership and the association of persons. These income group has been divided based on the level of income. For the better understanding, the study comprises of the following level of income: A1: income less than or equal to rupees two lacs, B2: income more than rupees two lacs and less than or equal to rupees five lacs, C3: income more than rupees five lacs and less than or equal to rupees ten lacs, D4: income more than rupees ten lacs. For the purpose of the level of income wise comparison between the two t_test was used.