Partnership deed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 Dear Experts,
Whether the stamp value for drafting a partnership deed has increased from Rs. 750/- to 950/-. If yes then from when it is effective.

I am waiting for your opinion.
Thanks.

Guest

Guest (Expert)

22 August 2012 You will need to refer the Stamp Duty Act of that respective state.

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 From the perspective of Income tax, whether it is sufficient to draft on stamp paper or Rs. 750/-?

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Guest

Guest (Expert)

22 August 2012 Income Tax has nothing to do with stamp duty. As per my opinion, stamp duty is paid to make the document a valid one and enforcable in court of law. So IT will not be any area of concern.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 In the state of Uttar Pradesh what is the stamp duty to draft a valid parntership deed, where amount of capital is not disclosed in the instrument.