Firm registration query ??
This query is : Resolved
08 April 2012
sir,
actually the partners capital is Rs.10,00,000/-. stamp duty is 5000/- to save stamp duty can i show capital as rs.100000 and get the firm registered. on 100000 capital stamp duty is Rs.1000/-.
remaining 900000 can be shown as
1.additional capital introduced or
2.loan from partner.
is my planning proper. do stamp duty payment is required on additional capital introduced by the partner ?
actually the partners capital is Rs.10,00,000/-. stamp duty is 5000/- to save stamp duty can i show capital as rs.100000 and get the firm registered. on 100000 capital stamp duty is Rs.1000/-.
remaining 900000 can be shown as
1.additional capital introduced or
2.loan from partner.
is my planning proper. do stamp duty payment is required on additional capital introduced by the partner ?
08 April 2012
Loan from partners are better option.
Introduction to additional capital after incorporation of the firm does not attract the additional stamp duty.
Introduction to additional capital after incorporation of the firm does not attract the additional stamp duty.
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