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
Manish Mehta (Manger) (115 Points)
04 February 2014Dear 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
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.
Please wait for more views.