STAMP DUTY ON LAND-CHANGE OF PARTNERSHIP IN RAJASTHAN
krishna kumar gaggar
(Querist) 15 June 2010
This query is : Resolved
IF CONSTITUTION OF A PARTNERSHIP FIRM IS CHANGED BY INCLUSION OF NEW PARTNERS AND EXITING OF THE EXISTING ONES, WHETHER THE LAND REGISTRATION DEPTT. IN RAJASTHAN ASK FOR PAYMENT OF STAMP DUTY ON THE FIRM'S LAND PURPORTED TO HAVE BEEN TRANSFERRED TO THE NEW PARTNERS?
DOES MERELY CHANGE OF PARTNERS EFFECT TRANSFER OF PRORETY IN THE IMMOVEABLE PROPERTY OF A FIRM?
s.subramanian
(Expert) 30 October 2010
No. Registration dept cannot make any such demand.Transfer of property is automatic.