01 June 2024
Hi LLP was formed with 2 partners in 2021 with contribution of 5cr and Stamp duty was paid accordingly as per contribution. One partner is retiring in 2024 with a separate retirement deed and nominal stamp duty was paid on it. On same day new partner is admitted with certain amended terms of the LLP agreement. However no change in the total capital contribution of 5cr. Do i have to pay stamp duty on the revised agreement again as per contribution or nominal stamp duty is sufficient. Deed is registered in maharashtra. Thanks in advance!
CAclubindia
