Question ID : 2862

Taxability of Joint Venture

Jot Venture made by nd owner and builder for construction of rential property ,where condition is revenue ( Receipt from Ft Holder ) will be shareable at receipt stage. Receipt will be shared at Fixed percentage say (50 :50).Builder is totally responsible for construction. nd owner is collectg money for nd transfer. Both are payg taxes his dividual capacity. Jot Venture doesn’t have any surplus because no expenditure will be curred by jot Venture.

What will be taxability of Jot Venture?
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