STAMP DUTY ON LLP AGREEMENT
Filing of LLP agreement with MCA is the last step in the process of registering an LLP. After obtaining the LLP incorporation certificate, the LLP agreement, duly signed by the partners of the LLP must be filed within 30 days. Failure to file the LLP agreement attracts a penalty of Rs.100 per day.
What is LLP Agreement?
The LLP Agreement must be printed on non-judicial stamp paper. Once, printed on stamp paper, it must be signed by the Partners of the LLP and notarized. The value of stamp paper on which the LLP agreement must be printed or stamp duty to be paid on the LLP agreement is dependent on the state of incorporation and amount of capital contribution from the partners.
STAMP DUTY ON LLP AGREEMENT:
Stamp Duty payable of LLP Agreement differs from state to state as per the State Stamp Act. The stamp duty payable on partnership agreement in view of the Finance Bill, 2009 is also payable for LLP.
The following is the LLP agreement stamp duty payable for various states in India:
|Capital Contribution & LLP Agreement Stamp Duty|
|STATE||Less than Rs.1 Lakh||Rs. 1 Lakh to Rs. 5 Lakh||
Rs. 5 Lakh to Rs. 10 Lakh
|Rs. 10 Lakh & Above|
|Dadra and Nagar Haveli||1000||2000-5000||6000-10000||10000|
|Daman and Diu||150||150||150||150|
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