Taxation of a joint venture firm
This query is : Open
Bikash Datta
(Querist)
29 November 2013
ABC is a partnership firm and XYZ is a propritorship firm forms a Joint Venture PQR. My question is who will file income tax return whether individually or as a Joint Venture firm
Manish Bhandari
(Expert)
29 November 2013
A new entity is formed PQR so ABC, XYZ & PQR all will have file returns as per law after considering their respective incomes.PQR will have to be registered as a seperate entity with seperate PAN, TAN, VAT, ST as applicable.
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