Stamp duty on llp
Advocate.Amol Choubal
(Querist) 22 May 2013
This query is : Resolved
Dear Experts,
My client want to incorporate LLP for this LLP agreement the contribution of both the partner contributed in form of capital is Rs.1,00,000/-.
According to Bombay stamp Act, the stamp duty on LLP has not been mentioned.
While incorporating LLP shall i take stand that the stamp duty for LLP agreement is Rs.500 for contribution of every Rs. 50,000 as applicable for incorporating normal Partnership deed under Indian Partnrship Act,1932. (Stamp duty mentioned in Bombay stamp Act,1958) or
shall i end up paying nominal stamp duty of Rs.100 on LLP agreement .
Kindly revert at the earliest.
Regards
Amol Choubal
Raj Kumar Makkad
(Expert) 23 May 2013
It shall be better if you treat LLP at least at par with the normal partnership and thus enclose the stamp duty of Rs. 500/- for each partner.
