The Authority for Advance Rulings (AAR), in the matter of Geoconsult ZT, recently passed a judgment stating that a joint venture consortium between a foreign company and Indian companies could be treated as an association of persons (AOP) in consonance with section 2(31) of the Income Tax Act, 1961, and taxed as a foreign company at a 41% net basis.
Partner
KR Chawla & Co
In the above-mentioned case, the applicant, Austria-based Geoconsult, formed a joint venture consortium (JV) with two Indian companies for the purpose of providing project consultancy services in India to Himachal Pradesh Road and Other Infrastructure Development Corporation (HPRIDC).
HPRIDC awarded a contract to the JV led by Geoconsult to provide consultancy services for the development of specific tunnels in Himachal Pradesh.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Sumes Dewan is a partner and Shradha Puri is a senior associate at KR Chawla & Co Advocates & Legal Consultants. The firm is headquartered in New Delhi and has offices in Chennai and Bangalore as well as a representative office in Singapore.
Head Office
7th Floor, Kailash Building
26, Kasturba Gandhi Marg
New Delhi – 110 001
India
Tel: +91 11 2335 7658-61
Fax: +91 11 2331 9997
Email: krclo@krcco.com
US Office
KR Chawla Inc.
One Embarcadero Center
Suite 500
San Francisco; CA 94111
Tel: +415 773 2804
Mob: +415 509 2165
