stamp duty and retirement of partnership

Mohamed farook (Querist) 21 April 2018 This query is : Resolved
One of a partner retired from the registered partnership firm by receiving his goodwill amount and moving asset mentioned value of rs8470000 by retirement agreement of 100 rupees stamp paper in tamilnadu.The agreement was recorded in firm of registrar.Now some of registration official say that if the retirement agreement is audited 3 percent plus fine will be imposed on that otherwise it may not be evidenced in court.please advise

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Ms.Usha Kapoor (Expert) 22 April 2018
You discreetly enquire about this and if yes pay the fine for not getting the retirement agreement audited and continue with your partnership business.If you don't pay the fine it will not be admissible as evidence in a court of law.

Mohamed farook (Querist) 22 April 2018
How much stamp duty to be paid for the moving asset value and goodwill value forRs 8470000 in tamilnadu for the registering the deed at the registrar of firm.Is any time limit to pay.Is the retired partner has to pay.The retirement deed was recorded on 20.12.2016 at the office .please you experts answer ,if it is recorded in 100 rs stamp paper , is it valid.