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Jv is better or partnership firm ?

This query is : Resolved 
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(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.
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CA.Sourabh Sethia

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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
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