22 November 2014
sir, we are carrying on business on partner ship firm consisting of 4 partners at equal share of 25% each and we registered at register of firms.we are located in andhra pradesh. now one partner is retiring and we make altered partner ship deed. we went to register of firms to registe the change. the register asking for 5% stamp duty on all property of firm as per market value.for valuation he is not allowing bank loans.
is there any case to pay stamp duty and how do we calculate market value of firm.please clarify.very urgent
CAclubindia
