Joint venture
This query is : Resolved
Neeraj Sinha
(Querist)
27 August 2013
Sir
in financial year 12-13 my company perform a joint venture project. Joint venture also has own PAN. who will be liable to pay tax Joint venture or partner of joint venture?
Regard's
Neeraj Sinha
in financial year 12-13 my company perform a joint venture project. Joint venture also has own PAN. who will be liable to pay tax Joint venture or partner of joint venture?
Regard's
Neeraj Sinha
29 August 2013
Since the joint venture is a separate entity and has a separate PAN, the joint venture itself is liable to pay tax on the income earned by it.
The co-venturers are not liable to pay tax on behalf of the joint venture.
The co-venturers are not liable to pay tax on behalf of the joint venture.
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