one of my client started a restaurant on 01/7/2013 in partnership. A brought Rs.10 lacs and Mr. B brought in Rs.10 lacs. Both will share profits equally.
Now i have to draft their partnership deed.
My question : should i show their capital as 20 lacs total or show less capital because stamp duty will be more if i show more capital ?
14 July 2013
Draft as below : . The both the parties to the agreement will bring capital as and when required as mutually agreed between them. . Pay the highest stamp duty prevalent in your state to cover the defaulters in future.
CAclubindia
