sharing profits from renting out land.is it a partnership

for partnership business is essential. so is it a business

26 Views|Posted 2012-10-16 12:12:52
Asked by Shalini Sethi
2 Answers
Abhijit Pn
2012-10-16 12:23:20
No it can be termed as partnership exactly. But u can have tax benefits with this type of situaion.

Thumbs Up IconUpvote Thumbs Down Icon
aru chopra
2012-10-16 12:22:08
Hi, Shiksha is an education portal where students who need career guidance and experts come together. I would suggest you to come up with queries related to academic career. Feel free to revert.

Thumbs Up IconUpvote Thumbs Down Icon

Taking an Exam? Selecting a College?

Get authentic answers from experts, students and alumni that you won't find anywhere else.

On Shiksha, get access to

66K
Colleges
|
1.2K
Exams
|
6.9L
Reviews
|
1.8M
Answers

Share Your College Life Experience

Didn't find the answer you were looking for?

Search from Shiksha's 1 lakh+ Topics

or

Ask Current Students, Alumni & our Experts

Have a question related to your career & education?

or

See what others like you are asking & answering