Stamp Duty on LLP Agreement

LLP agreement printed on stamp paper and the value of stamp Duty payable for LLP Agreement is subject to state and amount of contribution from the partners.

What is LLP Agreement?

LLP Agreement is a written document between the Partners of Limited Liability Partnership. The LLP Agreement states the essentials of the LLP that lists the obligations, duties and mutual rights of the partners. All the clauses need to be agreed upon by all partners. This agreement made on non-judicial stamp paper and stamp duty paid according to the State Stamp Act.

Stamp duty paid on the LLP Agreement depends on:

  • the state of incorporation
  • the amount of capital contribution from the partners

While registering the LLP, filing of LLP agreement with MCA (Ministry of Corporate Affairs) is the last step after obtaining the incorporation certificate. LLP agreement, duly signed by all the partners of the LLP and notarized must be filed to MCA within thirty days from the date of issue of incorporation certificate.

For non-compliance of which imposed a heavy fine of Rs. 100 per day, with no cap. Hence, to avoid the penalty, its necessary to submit the LLP agreement within a prescribed time period.

LLP Agreement Stamp Duty in India

Stamp duty levied on the LLP Agreement is different from state to state. The list of the stamp duty payable on LLP Agreement for various Indian states is as follows:

STATE

CAPITAL CONTRIBUTION

 

Upto 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

Dadra and Nagar Haveli

1000

2000-5000

6000-10000

10000

Daman and Diu

150

150

150

150

Goa

150

150

150

150

Gujarat

1000

2000-5000

6000-10000

10000

Haryana

1000

1000

1000

1000

Himachal Pradesh

100

100

100

100

J&K

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


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