Firm registration query ??
This query is : Resolved
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 ?
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 ?
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.
Introduction to additional capital after incorporation of the firm does not attract the additional stamp duty.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
