04 March 2008
Two individuals assessees(husband & Wife) having two separate service tax registration, jointly own a commercial property, which has been let out.
Can they save service tax by forming partnership. if yes, should partnership deed be executed before construction of property or can it be signed after construction of property?
Both the assessees are service tax payers in their proprietorship business thus limit of 8,00,000/- in each case has already been crossed. Rental income is 2,40,000/- jointly. I could not understand the last statement in Mr. Dayal's reply. Please explain
CAclubindia
