LLP Agreement Stamp Duty | Stamp Duty for LLP Deed
LLP agreement filing with the Ministry of Corporate Affairs is the last leg for LLP Incorporation. After obtaining the Incorporation Certificate, the LLP agreement, duly signed by the partners of the LLP, must be filed within 30 days. Failure to file an LLP agreement attracts a penalty of Rs.100 per day, with no cap. Hence, it's essential to prepare and file the LLP agreement after incorporation quickly.
LLP Agreement
One must print LLP Agreement on non-judicial stamp paper. Once published on stamp paper, the partners must sign the LLP Agreement and notarized it. The Stamp paper value on which the partners should print the LLP agreement or stamp duty for LLP Agreement is dependent on the state of incorporation and the amount of capital contribution from the partners.
At TAXAJ you can avail and even purchase E-Stamp papers for and also can get notarized virtually sitting at your home or office anywhere in India or Abroad, list of states where we can help:
- Stamp Duty for LLP Agreement in Delhi
- Stamp Duty for LLP Agreement in Haryana
- Stamp Duty for LLP Agreement in Chandigarh
- Stamp Duty for LLP Agreement in Himachal Pradesh
- Stamp Duty for LLP Agreement in Karnataka
- Stamp Duty for LLP Agreement in Ladakh
- Stamp Duty for LLP Agreement in Jammu
- Stamp Duty for LLP Agreement in Kashmir
- Stamp Duty for LLP Agreement in Pondicherry
- Stamp Duty for LLP Agreement in Andaman & Nicobar Island
Stamp Duty required for LLP Agreement as per States:
Stamp Duty payable of LLP Agreement is different from state to state and is as per the State Stamp Act. The stamp duty payable on the partnership agreement given the Finance Bill, 2009 is also expected 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 INR 1 Lakh INR 1 Lakh to 5 Lakh INR 5 Lakh to 10 Lakh Above INR 10 Lakhs
| Andhra Pradesh | 500 | 500 | 500 | 500 |
| Arunachal Pradesh | 100 | 100 | 100 | 100 |
| Assam | 100 | 100 | 100 | 100 |
| Bihar | 2500 | 5000 | 5000 | 5000 |
| Chhattisgarh | 2000 | 2000 – 5000 | 5000 | 5000 |
| Goa | 150 | 150 | 150 | 150 |
| Gujarat | 1000 | 2000 – 5000 | 6000 – 10000 | 10000 |
| Haryana | 1000 | 1000 | 1000 | 1000 |
| Himachal Pradesh | 100 | 100 | 100 | 100 |
| Jammu Kashmir | 100 | 100 | 100 | 100 |
| Jharkhand | 2500 | 5000 | 5000 | 5000 |
| Karnataka | 2500 | 2000 | 2000 | 2000 |
| Kerala | 5000 | 5000 | 5000 | 5000 |
| Madhya Pradesh | 2000 | 2000 – 5000 | 5000 | 5000 |
| Maharashtra | 1000 | 2000 – 5000 | 5000 | 5000 |
| Manipur | 100 | 100 | 100 | 100 |
| Meghalaya | 100 | 100 | 100 | 100 |
| Mizoram | 100 | 100 | 100 | 100 |
| Nagaland | 100 | 100 | 100 | 100 |
| New Delhi | 1000 | 2000 – 5000 | 5000 | 5000 |
| Orissa | 200 | 200 | 200 | 200 |
| Punjab | 1000 | 1000 | 1000 | 1000 |
| Rajasthan | 500 | 500 | 500 | 500 |
| Sikkim | 100 | 100 | 100 | 100 |
| Tamil Nadu | 300 | 300 | 300 | 300 |
| Tripura | 100 | 100 | 100 | 100 |
| Uttar Pradesh | 750 | 750 | 750 | 750 |
| Uttarakhand | 750 | 750 | 750 | 750 |
| West Bengal | 150 | 150 | 150 | 150 |
| Dadra and Nagar Haveli | 1000 | 2000 – 5000 | 6000 – 10000 | 10000 |
| Daman and Diu | 150 | 150 | 150 | 150 |
Conclusion
Thus, stamp duty depends on the state in which we incorporate the LLP and its Capital Contribution. It can be paid in two ways: purchasing non-judicial stamp paper or by franking the agreement from the bank. One must file the agreement with MCA within 30 days of incorporation. MCA will charge late filing fees of INR 100/- per day for filing an agreement after the due date.
