Jv is better or partnership firm ?
This query is : Resolved
CA Abhishek Singh
(Querist)
28 May 2013
Hello everyone,
AB & CO and CD & CO are two firms. Both the firms have 3 working partners each.
Now they have decided to construct a residential complex in joint venture ?
My question :
1. What should be advisable either Joint venture or partnership firm ?
i think partership is better because of simplicity of taxation as compared to taxation of Joint venture.
waiting for the vies of the experts.
AB & CO and CD & CO are two firms. Both the firms have 3 working partners each.
Now they have decided to construct a residential complex in joint venture ?
My question :
1. What should be advisable either Joint venture or partnership firm ?
i think partership is better because of simplicity of taxation as compared to taxation of Joint venture.
waiting for the vies of the experts.
CA.Sourabh Sethia
(Expert)
30 May 2013
depends on the nature of venture
also in your case the same is seems to be of temporary nature
so creating a new entity would cost you for more Compliance's of Laws
also the term is a factor to be considered
also in your case the same is seems to be of temporary nature
so creating a new entity would cost you for more Compliance's of Laws
also the term is a factor to be considered
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