What stamp paper should I use (India) for partnership agreement?
When you start a partnership business, it is essential to have a partnership agreement in place. The partnership agreement is a legal document that outlines the terms and conditions of the partnership. To make the agreement legally valid, you need to prepare it on a stamp paper . In this blog, we will discuss what stamp paper you should use for a partnership agreement in India. What is a Stamp Paper? A stamp paper is a legal document used to make an agreement legally valid. It is a special type of paper that has a revenue stamp affixed to it. The revenue stamp indicates that the stamp duty, which is a tax on legal documents, has been paid. The stamp duty is payable to the government and varies from state to state in India. What is a Partnership Agreement? A partnership agreement is a legal document that outlines the terms and conditions of a partnership business. It includes details such as the roles and responsibilities of each partner, the profit-sharing ratio, and the management of ...