About This Plan
LLP can increase their contribution anytime by obtaining partners consent. Buy this plan and our Tax Experts will guide you through the process.
Services covered under this plan
- Meeting of Partners
- Required Documentation
- Filing of Form 3
- Getting Stamp Papers
- New LLP Agreement will be drafted
Who can buy this plan?
-
LLPs who wish to increase their Capital Contribution
How the Plan Works?
- Meeting of the partners will take place
- Required documentation
- Stamp papers will be prepared
- Filing of Form-3 will be done
- Required approval
Information Menu
Documents Required
- Approval by the designated partners
- Form of Contribution
- Stamp paper according to the contribution
- LLP Agreement
FAQs
When can the contribution change?
Contribution can be changed in the following situations: -
- When the existing partner decides to add contribution in the LLP.
- When a new partner joins the LLP
- When an old partner leaves the LLP
- If any of the partners wants to change their contribution
Is it required to pay stamp duty on the increased contribution?
Yes, you are required to pay the stamp duty on the increased contribution, per the prescribed stamp act of the relevant state.
Which form do I have to file in case of increase in contribution?
You are required to file Form 3 in case of increased contribution in LLP.
Need expert tax filing or any other assistance? Reach out to our All India ITR team now!
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