Partnership, Stamp Duty Payable in Maharashtra
Stamp Duty payable on Partnership Deed
Stamp Duty payable under Article 47, Schedule I of Bombay Stamp Act, 1958.
| 47 PARTNERSHIP | Proper Stamp Duty | ||
| (1) | Instrument of Partnership-- | ||
| (a) | where there is no share of contribution in partnership, or where such share contribution brought is by way of cash does not exceed rupees 50,000/- | Rs.500/- | |
| (b) | where such contribution brought in cash is in excess of Rs.50,000/- for every Rs.50,000/- or part thereof. | Rs.500/- subject to maximum duty of Rs.5,000/- | |
| (c) | where such share contribution is brought in by way of property excluding cash. | the same duty as is leviable on conveyance under clause (a), (b) (c) or (d) as the case may be, of article 25, on the market value of such property.; | |
| (2) | Dissolution of partnership or Retirement of partner | ||
| (i) | where an a dissolution of the partnership or on retirement of the partner any property is taken as his share by a partner other than a partner who brought in the property as his share of contribution in the partnership | The same duty as is leviable on a Conveyance under clause (a), (b), (c) or (d) as the case may be, of Article 25, on the market value to a minimum of Rs.100/- | |
| (ii) | in any other case | Rs.200/- | |
Stamp duty can be paid either by purchase of stamp paper or franking on the document.
Formation of Partnership Firm
Formation of Partnership Firm
