https://www.taxtmi.com/news?id=15843 Departmental guidance clarifies that contractor consortiums with clear, distinct roles, responsibilities and liabilities for each member may not be treated as an Association of Persons for income tax purposes; the list of illustrative attributes is not exhaustive. The guidance does not apply where members are Associated Enterprises and aims to foster consistent treatment and reduce litigation for consortiums executing EPC or turnkey projects. en-us Tue, 08 Mar 2016 11:56:42 +0530 Tue, 08 Mar 2016 11:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15843 Departmental guidance clarifies that contractor consortiums with clear, distinct roles, responsibilities and liabilities for each member may not be treated as an Association of Persons for income tax purposes; the list of illustrative attributes is not exhaustive. The guidance does not apply where members are Associated Enterprises and aims to foster consistent treatment and reduce litigation for consortiums executing EPC or turnkey projects. News - Tue, 08 Mar 2016 11:56:42 +0530 https://www.taxtmi.com/news?id=15843