Regarding llp formation stamp duty

This query is : Resolved

Parvez (Querist)
Follow

30 November 2015 Can I know the amount of stamp duty payable for formation of LLP. LLP details are given below. Place of location : Delhi Capital contribution : 11 lacs Partners : 5

Anand Verma

Anand Verma (Expert)
Follow

01 December 2015 The stamp duty rate applicable on Partnership would be applicable on LLP. As per the Delhi Stamp Act:

On Partnership Instrument where the capital of Partnership does not exceed Rs. 500/- then one percent with ceiling of Rs. 200/-

In any other case one percent with ceiling of Rs. 5000/-

Since in your case capital contribution is more than Rs. 500/- so one percent of 11 lakh is Rs. 11,000/-. But maximum ceiling is Rs. 5000/-, therefore in your case the stamp duty will be Rs. 5000/- only.

Parvez

Parvez (Querist)
Follow

02 December 2015 Thank you very much

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok