Partnership deed

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Querist : Anonymous

Querist : Anonymous (Querist)

05 November 2012 if there are two partners with capital introduced of rs 300000/- each what would be amt of stamp paper on which deed have to be made. and also can frankin instead of stamp paper be done.

CA Jatin Kacha

CA Jatin Kacha (Expert)

06 November 2012 you have to purchase stamp paper for partnership deed.

it is different from state to state.

you need to pay some percentage of capital introduced by partner or you may purchase stamp paper of maximum amount.

check your state stamp act. you will find the percentage.

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2012 sir franklin wont do ?? further i am in maharashtra.so can you tell me the rate pls.

CA Jatin Kacha

CA Jatin Kacha (Expert)

07 November 2012 No franklin is required.

i think you should go for maximum amount of stamp paper. so that if in future, capital of partner increases then then do not need to purchase additional stamp paper.

just purchase 10,000/- stamp paper. otherwise it's around 6.5% of total capital.

please confirm the % of amount.

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