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AAR on taxability of Joint Venture in India with a foreign company
Case Law Details
- Case Name
- Geoconsult ZT GmbH (Authority of Advance Rulings - New Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Advance Rulings
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The Joint Venture can be treated as an association of persons (A.O.P.) in consonance with section 2(31)(v) read with the Explanation to section 2 of the Act and liable to be assessed as such under the Income-tax Act.
All the partners of J.V. have joined in for common purpose on their own volition to produce income which is shared in certain ratio.
The J.V. is to be taxed in the status of an association of persons @ 41% net basis.
BEFORE THE AUTHORITY FOR ADVANCE RULINGS (INCOME TAX)
NEW DELHI
A.A.R. No. 745 OF 2007
Name and Address of Applicant
Geoconsult ZT GmbH
C/o Thing...
