JOINT VENTURE..

Hi All


guys my querry : - what are application sections on joint venture under The Income Tax Act ?


Thx

Replies (5)
hi guys any answere
depending on drafting of joint venture .......it can be AOP , PFAS or profit share directly assesable in the hands of beneficiary .......provision of income tax to apply accordingly......... A HIGHLY TECNICAL ISSUE .........CONSULT OFFLINE ALSO
hi sampat sir what is PFAS sir?
Dear Ajay Joint venture is not defined in the defination of person .As per section 2(31) person includes (i) an individual (ii) a Hindu undivided family (iii) a company, (iv) a firm (v) an association of persons or a body of individuals, whether incorporated or not, (vi) a local authority, and (vii) every artificial juridical person, not falling within any of the preceding sub-clauses. Accordingly nature of joint venture is depends on your method of registration & tax rate shall apply accordingly
Hi Sampat The Joint venture can be in following form 1. AOP 2. BOI 3. Company 4. Partenrship Firm & PFAS means Partnership Firm assessed as such All the aobve will depend upon the type of JV & it's JV Agreement

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details