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Amit Raj (Income Tax Consultant)     19 April 2009

Cost of Stamp for a Partnership Firm

What would be the cost of stamp for executing a partnership Deed? Is it different for All States in India? if Yes... what would be for state of Bihar?On what basis cost of stamp is valued?



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 2 Replies

Vikas Saraf (Tax Consultants)     20 April 2009

Hello Amit, is your doubt is for preparing a new partnership deed, if so, then, as per Indian Partnership Act, 1932, the Partnership Deed to be executed on Rs. 100 * 5 (Rs 500) irrespective of the all the states in india. And as per option of the partners of the firm the deed to be registered with the Registrar of Firms of the respective states by paying the registration fee as prescribed by the Registrar of Firms. 

 

Amit Raj (Income Tax Consultant)     20 April 2009

Thanks Mr. Vikas for the Information.


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