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Expired partner

Bharatkumar (Individual) (124 Points)

13 April 2021

What is the stamp duty in gujarat in the case of change in partnership due to the death of partner?

One partner expired and now new 02 partners want to joint in partnership. In this case what stamp duty will be chargeable for new partnership deed?

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 13 April 2021

Since there is no value attached to the partnership as such, the partners are required to pay only a nominal court fee and stamp duty for the registration of the partnership deed. Each partner has to submit an affidavit on a stamp paper of Rs 10, iterating their intention to enter into a partnership. On the application form, court fees stamp of Rs 3 must also be affixed.