Partnership firm registration query ??

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practice
2112 Points Joined February 2009

 

 

actually the partners capital is Rs.10,00,000/-.(so far 100000 has been incurred and within 2 months 900000 are expected to be incurred) stamp duty is 5000/- (in maharashtra)  to save stamp duty can i show capital as rs.100000 and get the firm registered. on 100000 capital stamp duty is Rs.1000/-.

 

remaining 900000 can be shown as 

1.additional capital introduced or 

2.loan from partner.

 

is my planning proper. do  stamp duty payment is required on additional capital introduced by the partner ?

 
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On 08 April 2012 at 15:30 Report
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C.E.O
356 Points Joined November 2007

Yes your planning is sound - you can go ahead

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On 08 April 2012 at 19:07
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Partner
63525 Points Joined January 2012

ALthough your line of thinking is correct, it is really sad to note that the partners talking a WORTH of 10 lakh capital want to resort to save INR 4000. i.e. 0.4% Risk reward ratio is ADVERSE. For a savings of INR 4000, need not put 10 L at stake.

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On 11 April 2012 at 16:32


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