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.