Dear Sir/Madam
Our company is going to enter into consortium agreement.
May I kindly request you to provide me any Income tax related issue in this structure
Regards
Manish Mehta
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Consortium agreement
Replies (1)
In case your company is in consortium agreement with a foreign company, The whole JV might be considered as a Resident AOP for taxation.
In case of Linde AG in AAR No 962 of 2010 dated 20.03.2012, the Authority for Advance Ruling AAR has taken a view that consortium agreement will result in formation of an AOP for tax purposes in India.
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