Dear Sir / Mam,
As per Accounting Standard 27, There are three ways in which an agreement can be entered for a joint venture i,e JCO, JCA & JCE.
One can form a seprate entity with the option JCE, but forming a seprate entity like company, firm will lead to double taxation, one to the entity & other to the venturer(i,e share of income from jointventure).
I just want to confirm that is there any relief for the above matter. if not why one will enter Joint Venture with JCE.
CAclubindia
