JOINT VENTURE COMPANY

Once a JV Is formed by due incorporation as a special entity under the Companies Act (please confirm this is done), the profits of the said JV Company are distinguishable from the profit/loss of the JV companies. Such income would be separately taxed as per law. However, the dividend if any received by the JV would be taxable as an income in the hands of the JV Company. 

Obviously once the JV Is a separate entity, it would have to comply all the formalities under the Income-tax Act, Sales Tax/Vat, PAN and every other legal process.v

vasudevan

Mr.Amit,

Mr.Vasudeven has given right feedback, recently we did JV and same thing what Vasu said we had adopted separatly.

What kind of an agreement is best suitable before forming a Joint Venture Company in India between an Indian Pvt. Ltd. company and foreign company. 

If possible please share a sample agreement. The Joint Venture Company will work to provide services in the telecommunication industry where technology comes from the foreign partner.

Hi

if u require a model send a mail i can forward

satyampalukuru@yahoo.com