Partners like to let out land to firm on which the firm shall construct any building. Rent will be paid.
1) But end of period the building or structures at wat ever cost was built shud vest with partners as landlords. Is it fine to draft any such agreement. Is it void? or legal issued from income tax angle?
05 March 2012
no problem in such an arrangement' Read Explanation 1 to section 32 and draft agreement accordingly CA MANOJ GUPTA JODHPUR 09828510543
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 March 2012
S sir. i read it. to confirm with experts posted here for confirmation. Can i get a draft of lease agreement for partners letting out property to their own firm?