stamp duty for partnership deed
This query is : Resolved
27 November 2010
i want to form a CA partnership firm in madhya pradesh. how much stamp duty required to be paid for execution of partnership deed.
25 July 2025
In **Madhya Pradesh**, the **stamp duty** payable on a **Partnership Deed**, including for a **CA firm**, is governed by the **Indian Stamp Act, 1899 as amended by the Madhya Pradesh State**.
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### 🧾 Stamp Duty on Partnership Deed in Madhya Pradesh:
As per **Article 46 of Schedule 1-A** of the **Madhya Pradesh Stamp Act**:
* **If the capital of the partnership does not exceed ₹500** – Stamp Duty is **₹100**
* **If the capital exceeds ₹500 but does not exceed ₹1,000** – Stamp Duty is **₹200**
* **If the capital exceeds ₹1,000** – Stamp Duty is **₹500**
> ✅ **Maximum stamp duty is ₹500**, irrespective of the partnership capital amount.
---
### 📌 Additional Notes:
1. **If the deed is executed on plain paper** without paying stamp duty, it **may not be admissible in court** as evidence.
2. The partnership deed should be executed on **non-judicial stamp paper** of the appropriate value or franked/stamped accordingly.
3. **No registration is mandatory** under the Indian Partnership Act, but it's advisable to register the deed with the Registrar of Firms for legal enforceability.
4. **For CA firms**, the deed should also be submitted to the **ICAI** for approval.
---
Let me know if you'd like a **draft format for a CA partnership deed** or help with ICAI submission procedure.
---
### 🧾 Stamp Duty on Partnership Deed in Madhya Pradesh:
As per **Article 46 of Schedule 1-A** of the **Madhya Pradesh Stamp Act**:
* **If the capital of the partnership does not exceed ₹500** – Stamp Duty is **₹100**
* **If the capital exceeds ₹500 but does not exceed ₹1,000** – Stamp Duty is **₹200**
* **If the capital exceeds ₹1,000** – Stamp Duty is **₹500**
> ✅ **Maximum stamp duty is ₹500**, irrespective of the partnership capital amount.
---
### 📌 Additional Notes:
1. **If the deed is executed on plain paper** without paying stamp duty, it **may not be admissible in court** as evidence.
2. The partnership deed should be executed on **non-judicial stamp paper** of the appropriate value or franked/stamped accordingly.
3. **No registration is mandatory** under the Indian Partnership Act, but it's advisable to register the deed with the Registrar of Firms for legal enforceability.
4. **For CA firms**, the deed should also be submitted to the **ICAI** for approval.
---
Let me know if you'd like a **draft format for a CA partnership deed** or help with ICAI submission procedure.
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