Legal Question in Real Estate Law in India
stamp duty on dissolution deed
We have just dissolve our Real Estate Business Partnership firm & Closing stock of the Firm dided between the partners . the our question is are we liable to pay the stamp duty on the closing stock of immovable property & plese send answers with caselaw
5 Answers from Attorneys
Re: stamp duty on dissolution deed
No.
You may in dissolution of partnership deed ascertain your entitlement of the assets of your business
Re: stamp duty on dissolution deed
No.You partners can execute Dissolution Deed and can settle account,stock,properties etc.
Re: stamp duty on dissolution deed
no, contact a lawyer
Re: stamp duty on dissolution deed
Your question is not very clear. If the property was brought by a partner into the partnership as his capital contribution, then upon dissolution and subsequent reallotment does not attract stamp duty.
Re: stamp duty on dissolution deed
It all will depend on the provisions of the stamp act of the state govt. within which properties situate.
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