Stamp duty leviable on llp agreement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2015
I am in process of Conversion of a private company into LLP. What will be the stamp duty leviable on such LLP agreement? The contribution is shares in this case. If we go through Stamp act, following bifurcation is given in case of Partnership agreement-a)where contribution is brought in cash b) where contribution is brought in by way of property. My question is since there is no cash involved in LLP conversion, shares are the contribution it will be treated as contribution brought in cash or as property?
06 May 2015
stamp duty is based on state to state. further rs. 1000/- stamp duty on LLP agreement is enough for conversion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
