CA Abhishek Singh (practice) (2106 Points)
13 July 2013Hello everyone,
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 ?
waiting for the views of the experts.
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 22 July 2013
You may make the deed with minimum capital say Rs. 1,00,000 as a fixed capital and then show the balace infusion of capital after some period and may call it a sfluctuating capital
regards
CAclubindia
