Regarding llp formation stamp duty
This query is : Resolved
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
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.
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.
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