Joint venture
This query is : Resolved
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.
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....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- 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
- Nomination of Bank for refund in itr 2
- 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
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
