Priyanka is seeking guidance on the stamp paper value required for a partnership deed in Maharashtra, where each partner is contributing Rs. 50,000. The advice provided indicates that for capital up to Rs. 50,000, the stamp duty is Rs. 500, and for capital exceeding Rs. 50,000, it's 1% of the capital, capped at Rs. 15,000. It's recommended to use a Rs. 1000 value stamp paper for this scenario.
24 May 2022
Hello, I wish to start a partnership with 2 partners with contribution of Rs. 50,000/- each. I am going to make partnership deed for the same. Kindly guide about the stamp paper value for the partnership deed.