Legal Question in Administrative Law in India
we purchased a industrial unit in the name of Partnership in the year 1983, where there was no stamp duty, but in 1994 the the Partnership was dissloved and one of the Partner took over by settling other Partner dues and the Firm was converted into PROPRITERY FIRM. Did we have to pay stamp duty on the Dissoiution cum Propritery Agreeement which was made on Rs.100/= Stamp Paper ?
2 Answers from Attorneys
24.03.2014
Dear Sir / Madam,
The partnership firm was liable to pay Stamp duty on the purchase of the industrial unit then in 1983, and likewise now again the sole proprietor who has acquired the industrial unit is liable to pay Stamp Duty at the prevailing ready reckoner rate.
Regards,
Dissolution deed alone has to be registered by paying necessary stamp duty(if any). The transfer of property made in the said dissolution deed requires no seperate stamp duty.
Nellai v kannan 9443154058 [email protected]
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