Stamp duty on cash paid to partner on his retirement
g.parthasaradhi reddy (.) (101 Points)
31 December 2014g.parthasaradhi reddy (.) (101 Points)
31 December 2014
K.K..
(*****)
(45 Points)
Replied 01 January 2015
1. Capital cant be rapaid in cash because it attracts violation of sec. 269T and 269SS of IT ACt.
2. If any immovable property is given to retiring partner, then standard stamp duty rates on transfer of immovable property in any state are applicable.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)