Taxation of a joint venture firm
This query is : Open
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
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.
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- SECTION 194T
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
