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Aop (construction business)

(Querist) 09 March 2015 This query is : Resolved 
4 members of family purchased a plot jointly (25%) with a plan to construct flats and sell it.

Now, a CA advised to start an AOP for the purpose.

Questions:
1) Without forming an AOP, is it not possible to share expenses of construction among members and share profits as STCG ?

2) AOP v/s Partnership firm?

3) Procedure to form AOP and accounting, taxability and compliance?
Report Abuse
Advocate Kappil Cchandna (Expert) 10 March 2015
Sir,

You can call and discuss it with CA Karan Chandna at 9871563826....

Regards
Kapil Chandna Adv 9899011450
Dr J C Vashista (Expert) 10 March 2015
Academic query
Devajyoti Barman (Expert) 10 March 2015
meet a local taxation expert or post caclubindia.com.
Rajendra K Goyal (Expert) 10 March 2015
Consult local tax consultant.
ajay sethi (Expert) 10 March 2015
raise query in CA club india
malipeddi jaggarao (Expert) 10 March 2015
Not a legal query.
T. Kalaiselvan, Advocate Online (Expert) 12 March 2015
I go with the experts views on the subject query.

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