Should i show capital as 20 lacs in partnership deed ?

CA Abhishek Singh (practice) (2105 Points)

13 July 2013  

Hello everyone,

 

one of my client started a restaurant on 01/7/2013 in partnership.

A brought Rs.10 lacs and Mr. B brought in Rs.10 lacs.

Both will share profits equally. Now i have to draft their partnership deed.

My question : should i show their capital as 20 lacs total or show less capital because stamp duty will be more if i show more capital ?

 

waiting for the views of the experts.