CAF-2 · Chapter 4 · Question 5 of 15
Under Section 80 of the Income Tax Ordinance, 2001, which of the following is specifically included in the definition of a "Company" and NOT treated as an Association of Persons (AOP)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) A trust
Explanation
The definition of an Association of Persons includes a firm, a Hindu undivided family, and any artificial juridical person. A trust is specifically included within the definition of a Company for tax purposes.
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