Income tax compliance for partnership

Dear All,

Greeting to the members! Guys a have a small query would be grateful if you could help.

One of my clients has to set up a partnership firm and wants to do business of Construction of properties. He has a land in Joint account of him and his partner which he wishes to trasfer to the firm for the purpose of doing business.

My First question is . IS IT ALLOWED if yes How? complianes required for the same

My second question: where do we register the Partnership firms in delhi.

Any other point that needs to be considered please suggest 

Thank and best Regards

CA Anshul Bajaj