Is it possible forpartnership firm to do trading in property

This query is : Resolved

Querist : Anonymous

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.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.