Dispute regarding rent on HUF property
Shreya Kodmur
(Querist) 03 July 2017
This query is : Resolved
In case A , B, C are brothers having Ancestral property being used for conducting as the place of business of the Firm. A and B being the partners of the firm including another 3 other partners. The rent has not been paid by the firm as no clause was mentioned in the partnership deed. And the partners continued to use the property as the place of business for more than 15 years. On dissolution, how do you account it? Rent to be paid to both partners or all 3 brothers? Or not to be considered as there is no profit?
P. Venu
(Expert) 06 July 2017
The matter requires professional consultation.
