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 ?
CAclubindia
