lets assume that i create a partnership firm with 3 partners and decide to buy a property with intention to sell it in 2 years and book profit , short term in this case.
would it make any difference, in terms of taxation, if i buy the property in the name of All 3 partners with the money of the partnership firm instead of buying the property in name of individual partners.
would buying the property in the name of partners and not in the name of firm affect the partners / firm positively or negatively.
