TAXING STATUS OF JV & STAMP DUTY FOR JV AGREEMENT

subodh (Querist) 30 June 2008 This query is : Resolved
There is a Joint Ventrure Between 2 Partnership Firms taking place.

What will be the stamp duty required for the Agreement of Venture?

Will the new entity will be treated as A.O.P.?

CAN ANYBODY GIVE THE DRAFT OF Joint Venture Agreement Between Two Consrucion Firm Or Otherwise?

Memebers are requested to comment uregently.

Subodh Modak

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Guest (Expert) 30 June 2008
The highest stamp duty for an agreement will be the stamp duty for the JV Agreement. In Karnataka it will around 1000/-

It will be an AOP for which you should get a separate PAN.

I can draft the JVA. My no. 9241780775. I am Bangalore.

If you are from different state, better wait for a local person to react.

Rupert (Expert) 01 July 2008
Yes, it will be considered as an AOP

Here's some information about a draft agreement:
http://www.vakilno1.com/forms/foreigncoll/fc7.doc
http://www.contractstore.com/joint-venture-agreement-jva
http://www.ilrg.com/forms/jointventure.html

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