subletting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2010
I have taken on rent particular premises. Later I entered into a partnership. The firm so formed is carrying on its business on the premises taken on rent by me. Does it amount to subletting?
CA Sanat Pyne
(Expert)
03 August 2010
It does not amount to sub letting. When a person after taking premises on rent, enters into partnership firm to carry business, it did not amount to sub letting because the premises continues to remain in possession of the tenant
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