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A partnership deed must be drafted properly and stamped according to provisions of:
- a)Indian Stamp Act
- b)Indian Tax Act
- c)The companies Act
- d)The Indian Partnership Act
Correct answer is option 'A'. Can you explain this answer?
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A partnership deed must be drafted properly and stamped according to p...
The correct option is A, the partnership deed must be drafted properly and stamped according to the provisions of the Indian Stamp Act.
Explanation:
A partnership deed is a legal document that outlines the terms and conditions of a partnership between two or more individuals. It is important to draft this document properly because it lays the foundation for the partnership and sets out the rights and responsibilities of each partner.
Stamp duty is a tax that is levied on certain legal documents to make them legally valid. In India, the Indian Stamp Act governs the stamp duty payable on various legal documents, including partnership deeds.
Therefore, it is important to ensure that the partnership deed is stamped in accordance with the Indian Stamp Act to ensure its legal validity. Failure to do so could result in the partnership deed being declared invalid by a court of law.
In summary, a partnership deed must be drafted properly and stamped in accordance with the Indian Stamp Act to ensure its legal validity.
Explanation:
A partnership deed is a legal document that outlines the terms and conditions of a partnership between two or more individuals. It is important to draft this document properly because it lays the foundation for the partnership and sets out the rights and responsibilities of each partner.
Stamp duty is a tax that is levied on certain legal documents to make them legally valid. In India, the Indian Stamp Act governs the stamp duty payable on various legal documents, including partnership deeds.
Therefore, it is important to ensure that the partnership deed is stamped in accordance with the Indian Stamp Act to ensure its legal validity. Failure to do so could result in the partnership deed being declared invalid by a court of law.
In summary, a partnership deed must be drafted properly and stamped in accordance with the Indian Stamp Act to ensure its legal validity.
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A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer?
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A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer?.
A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A partnership deed must be drafted properly and stamped according to provisions of:a)Indian Stamp Actb)Indian Tax Actc)The companies Actd)The Indian Partnership ActCorrect answer is option 'A'. Can you explain this answer?.
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