Partner ship
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2016
there are 3 partners in partnership firm they purchase aone flat for the business purpose and i want to know that this property will come undre whose name
04 January 2016
The property can be registered in the names of the three partners and the asset can be shown in the books of the firm.
Message likes :
1 times
04 January 2016
It is partnership property. The registration deed may be done in the names of 3 partners.
04 January 2016
it can be registered in the name of the partnership instead of partners name
04 January 2016
No. The partnership is not a juridical person. So the sub registrar should NOT allow you to do that.
And even if the sub registrar allows you to do so after accepting some money, please dont do that. Tomorrow the constitution of the firm may get changed by retirement or admission or death of any of the partners and you will be in trouble.
And even if the sub registrar allows you to do so after accepting some money, please dont do that. Tomorrow the constitution of the firm may get changed by retirement or admission or death of any of the partners and you will be in trouble.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Rental income gst and it purpose
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
