Partnership firm registration query ??

CA Abhishek Singh (practice) (2105 Points)

08 April 2012  

 

 

actually the partners capital is Rs.10,00,000/-.(so far 100000 has been incurred and within 2 months 900000 are expected to be incurred) stamp duty is 5000/- (in maharashtra)  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 ?