Please inform me of accounting treatment for Adhoc Dealership of petrol pumps.
Also guide regarding tax implications.
Will the same PAN be used and this will be treated as a branch?
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Quick Summary
This discussion explores the accounting treatment and tax implications for adhoc petrol pump dealerships. It covers whether the same PAN can be used, if it's treated as a branch, and the appropriate business structure, such as partnership, private limited company, or investment.