Last updated: November 28th, 2024 7:27 PM

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	5000	5000	5000	5,000 plus an additional 1000 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: [caption id="attachment_3624" align="aligncenter" width="781"] ET-Wealth-Reasons-to-register-LLP