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LLP Agreement Stamp Duty

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LLP Agreement Stamp Duty

Filing of LLP agreement with the Ministry of Corporate Affairs is the last step in the registration of an LLP. After obtaining LLP incorporation certificate, the LLP agreement, duly signed by the partners of the LLP must be filed within 30 days. Failure to file LLP agreement attracts a penalty of Rs.100 per day, with no cap. Hence, its important to quickly prepare and file the LLP agreement after incorporation.

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 is different from state to state and is 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:

State

Capital Contribution & LLP Agreement Stamp Duty
Less than Rs.1 Lakh Rs. 1 Lakh to Rs. 5 Lakh Rs. 5 Lakh to Rs. 10 Lakh

Rs. 10 Lakh & Above

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 1000 1000 1000 1000 + (500 For Every 5 Lakh Increase)
Kerala 5000 5000 5000 5000
Madhya Pradesh 2000 2000 – 5000 5000 5000
Maharashtra 1% of Capital(minimum of 500) % of Capital % of Capital 1% of Capital(15000 Max)
Manipur 100 100 100 100
Meghalaya 100 100 100 100
Mizoram 100 100 100 100
Nagaland 100 100 100 100
New Delhi 1% of Capital 1% of Capital

1% of Capital

(Max: 5000)

1% of Capital

(Max: 5000)

Orissa 200 200 200 200
Punjab 1000 1000 1000 1000
Rajasthan 4000 (Min of 2000) 2000 on every
50000 multiple,
max of 10,000
10000 10000
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

Reasons to Register an LLP

Check out the ET Wealth cover featuring IndiaFilings 7 Reasons to Register an LLP in India:

ET-Wealth-Reasons-to-register-LLP
ET-Wealth-Reasons-to-register-LLP

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