Patnership deed...

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Hetvi (Querist)

13 August 2014 Right now we have conducted audit of partnership firm, we notice that partnership deed is build up on Rs 18000 stamp paper. but as per our knowledge in Bombay Partnership Act

In Gujarat it is as per Bombay Stamp Act,

So far Capital contribution upto Rs. 50000 it is Rs. 500 increasing thereafter by Rs. 500 each for every increase in capital by Rs. 50,000. Maximum stamp Rs. 5000 in Gujarat.

SO, WHY PEOPLE CREATE A PARTNERSHIP DEED ON MORE THAN RS 5000/-?
WHAT IS REASON BEHIND THAT ?

CA Mohit Bansal

CA Mohit Bansal (Expert)

13 August 2014 Kindly provide the specimen of partnership deed made on more than Rs.5000 stamp paper

Hetvi

Hetvi (Querist)

15 August 2014 Why specimen is require ? what is rule for that ?

CA Mohit Bansal

CA Mohit Bansal (Expert)

16 August 2014 Generally partnership deeds are made on stamp paper valued not more than Rs. 5000, the above could be exception to that and sometime some exceptions dont have any explanations.

Hetvi

Hetvi (Querist)

19 August 2014 but sir it's a trading business and what is exception in that?

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