Firm registration query ??

This query is : Resolved

CA Abhishek Singh (Querist)
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08 April 2012 sir,
actually the partners capital is Rs.10,00,000/-. stamp duty is 5000/- to save stamp duty can i show capital as rs.100000 and get the firm registered. on 100000 capital stamp duty is Rs.1000/-.

remaining 900000 can be shown as
1.additional capital introduced or
2.loan from partner.

is my planning proper. do stamp duty payment is required on additional capital introduced by the partner ?

CA Prashant Gupta

CA Prashant Gupta (Expert)
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08 April 2012 Loan from partners are better option.

Introduction to additional capital after incorporation of the firm does not attract the additional stamp duty.