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Is it possible forpartnership firm to do trading in property

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2014 Is it Possible for partnership firm to do sale and purchase of immovable property. if it is possible than how can the same be executed.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
02 January 2014 Yes it is possible for a partnership firm to carry on the business of dealing in immovable property.

There is no restriction on the same.

You have to form a partnership deed and mention the business to be carried on therein.
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