stamp duty on LLP

By | August 1, 2015

Query:  We have a query regarding the amount of stamp duty on LLP Agreements as on what basis stamp duty is paid?

Answer: Since Stamp Duty is the subject reserved for the States, the LLP Act does not contain any provision for treatment of stamp duty issues. The stamp duty payable will depend upon the relevant Stamp Act prescribed by the State Government/Union Territory.

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