Formalities or modalities to create AoP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2011
Dear SMEs:
Can any please throw some light on to follow the modalities in creation of an AOP (association of Persons) to create a business opportunity collabaratively?
Regards
Dr. Pavan, Ph.D.(Statistics)
Can any please throw some light on to follow the modalities in creation of an AOP (association of Persons) to create a business opportunity collabaratively?
Regards
Dr. Pavan, Ph.D.(Statistics)
05 February 2011
It is better to create a Firm as certain deductions like interest and remuneration to partners are deductible in the case of firm, whereas in case of an AOP these are not allowed.
For creating an AOP you have to enter into an agreement signed by all the members, on a stamp paper in which the modalities as regards capital contribution, Share in Profit/loss, Name, Address, its business, Duration etc are to be defined.
For creating an AOP you have to enter into an agreement signed by all the members, on a stamp paper in which the modalities as regards capital contribution, Share in Profit/loss, Name, Address, its business, Duration etc are to be defined.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
