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.
You may make the deed with minimum capital say Rs. 1,00,000 as a fixed capital and then show the balace infusion of capital after some period and may call it a sfluctuating capital
regards
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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