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How much does it cost to register a partnership firm in India?

What is a Partnership Firm in India?

The Indian Partnership Act, 1932 governs and regulates partnership firms in India.

A Firm is called a partnership firm when two or more persons come together into partnership with one another to carry on a business. The individual who comes together are called partners and collectively called partnership firm, and the name under which their business is carried on is called the “Firm Name”

 A partnership firm is easy to form with fewer compliances as compared to companies. Read What is a Partnership Deed to know more about how Partnership works.

Register for Your Partnership Firm: Register Now!

How much does it Cost to Register a Partnership Firm in India?

The registration cost of a Partnership Firm in India varies from State to State according to their stamp duty rules. Here’s a list of the total cost of registration of partnership deed for each state depending on the capital invested by the Partners.

StateCost of Stamp DutyLess Than 1 LakhRs. 1 Lakh to Rs. 5 LakhRs. 5 Lakh To Rs. 10 LakhAbove Rs. 10 Lakh
Andhra Pradesh100 for capital 5000, Rs. 500 for other cases500500500500
Arunachal PradeshCapital is up to Rs. 1000 – Rs. 30 Other cases Rs. 100100100100100
AssamCapital is upto Rs. 1000 – Then Rs. 20 Above Rs. 1000 – Rs. 100100100100100
BiharIf capital disclosed then 2.5% Maximum – Rs. 10,000
If Capital Not Disclosed -Rs. 10,000
2500500050005000
ChandigarhRs. 500500500500500
ChhattisgarhCapital is upto 50K Then Rs. 1,000 Capital more than 50K Then 2% Maximum = Rs. 500020002000-500050005000
Delhi1% of Capital Min -Rs. 200 Max -Rs. 500010002000 – 500050005000
GoaCapital is less than 50K Then Rs. 500 Every addition cap of 50K – Add Rs. 500 Maximum – Rs. 5000150150150150
GujaratRs. 1 for every 100 capital or part thereof Max- Rs. 10,00010002000-50006000-1000010000
HaryanaRs. 10001000100010001000
Himachal PradeshRs. 100100100100100
Jammu & Kashmir JammuCapital upto 50K – Rs. 1000 Capital Exceeding 50K – 2%100100100100
JharkhandIf capital disclosed then 2.5% Maximum – Rs. 10,000 If Capital Not Disclosed -Rs. 10,0002500500050005000
KarnatakaRs. 20001000100010002000
KeralaFlat Rs. 5000 at all Capital Levels5000500050005000
Madhya PradeshMinimum Rs. 2000 Maximum Rs. 10,000 Standard Rate @ 2% of Capital20002000-500050005000
MaharashtraCapital upto 50000 – Rs. 500 Exceeding 50,000 – 1% (Max 15,000)10001% of Capital1% of Capital1% of Capital
ManipurRs. 100100100100100
MeghalayaRs. 100100100100100
MizoramRs. 100100100100100
NagalandRs. 100100100100100
OrissaCapital is upto Rs. 500 – Rs. 50 Other Cases – Rs.2000200200200200
PunjabCapital is upto Rs. 500 – Rs. 4 Other Cases – Rs.10001000100010001000
RajasthanFor Every Rs. 50000 – Rs. 2000/- Maximum Rs. 10,000500500500500
SikkimRs. 100100100100100
Tamil NaduCapital upto Rs. 500 – Rs. 50/- In any other case – Rs. 3000/-300300300300
TelanganaRs. 100/- for capital upto Rs. 5000/- Rs. 300/- In all other cases50100100200
TripuraRs. 100100100100100
Uttar PradeshRs. 750750750750750
UttarakhandRs. 750750750750750
West BengalRs. 150150150150150

How to register a Partnership Firm in India?

Step 1: Register for Partnership Firm with eSahayak by clicking here.

Step 2: Registration under Income Tax and Issuance of PAN

Step 3: GST registration and Bank Account Opening

Step 4: Selection of a Unique Name of the Partnership Firm

Step 5: Getting the Certificate of Registration

Types of Partnership 1

What documents are required to register a Partnership Firm In India?

The application for the Partnership registration form must include the prescribed documents like the Identity proof, address proof, a real copy of the Partnership deed entered into, and the proof of the principal place of business.

The following documents can be submitted as identity proof:

  • PAN card
  • Passport
  • Driver License
  • Aadhar Card
  • Voters ID

Following Documents can be used as the proof of business premise:

  • Sale Deed in case if the Partner owns the place
  • Rental agreement copy if the office is on rental basis
  • Copy of the latest electricity bill or the tax bill receipt

Checklist for Partnership Firm Registration

  • Draft a partnership deed by clicking here
  • Name and address of the firm and all the partners
  • Deciding on the Nature of business
  • Capital to be contributed by each partner
  • Date of starting of Business capital to be contributed by each partner
  • Profit/ Loss Sharing ratio among each partner

Register for Your Partnership Firm: Register Now!

Important Clauses to be added in Registration of a Partnership Deed?

  1. Profit-Sharing Clause
  2. Capital Contribution Clause
  3. Dispute Resolution Clause
  4. Retirement/termination clause

There are certain Benefits and certain disadvantages of registering a Partnership Firm. If you want to know why a Partnership deed is Important read Importance of Partnership Deed, to know more.

For more information regarding government and legal documents visit eSahayak.io.

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Importance of Partnership Deed in India
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