The Central Board of Direct taxes (CBDT), the apex administrative body for taxation in India, has issued a clarification by way of a Circular. This Circular lays down the criteria on satisfaction of which the consortiums formed for execution of large infrastructure projects, particularly Engineering, Procurement and Construction (EPC) contract and turnkey projects may not be treated as an Association of Persons (AOP) for the purposes of Indian Tax Laws (ITL). This Circular is applicable for consortiums formed between independent/unrelated parties only.
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